CZ Down Binance Sale Rumours

Changpeng Zhao (CZ), Binance co-founder and former CEO, has dismissed rumours of the sale of the cryptocurrency exchange.

In a recent X (formerly known as Twitter) post, CZ attributed the speculation to an Asian competitor and clarified that Binance is not for sale.

The rumours surfaced after a sharp drop in the exchange’s crypto holdings, sparking concerns about its financial health.

Binance explained that the asset movements were routine treasury adjustments, not asset sales, and reassured users that all funds remain fully backed 1:1.

Speculation grew after a viral Chinese social media post claimed Binance was considering a sale due to regulatory pressures and a shift towards decentralised exchanges (DEXs).

Despite these claims, Binance reaffirmed its financial stability and dismissed any notion of liquidation or sale.

Yi He Also Weighs In

Binance co-founder Yi He dismissed the sale rumours as a competitor’s PR tactic aimed at deflecting attention.

She highlighted that Bitcoin’s recent price surge has attracted significant interest from institutions seeking to invest in or partner with Binance.

Yi He reiterated that while Binance remains open to strategic partnerships, it is equally interested in acquiring other exchanges, inviting any platforms considering a sale to engage in discussions.

CZ Considers Selling Shares

While CZ has denied rumours of a Binance sale, he previously acknowledged in a Bloomberg interview that he had received offers to buy his stake and might consider selling in the future.

He told Bloomberg:

“I’m not saying that I’m going to hold onto the equity forever or not. I’m happy to review every offer, but so far I haven’t done anything. I’m just a regular shareholder at this point.”

As the world’s largest crypto exchange, Binance boasted over 250 million registered users by the end of 2024, gaining 50 million during Richard Teng’s leadership in just six months.

Analysts speculate that Binance’s openness to minority stake sales could signal a strategic move to strengthen its financial position while preserving operational control.

Historically privately owned, with CZ holding a significant stake, Binance’s potential for outside investment could introduce institutional influence into the leading crypto exchange.

The question lingers—which rival is fuelling these rumours?