Leading crypto exchange Binance has denied speculations of an upcoming sale. Co-founder He Yi denounced the charges as unfounded and promoted by competitors. He Yi emphasized that Binance often contacts institutions about prospective investments and partnerships.
"We do not rule out introducing strategic partners and are open to mergers and acquisitions," Yi tweeted. The company believes these rumors are crisis PR tactics competitors use to shift attention away from Binance's success. As Bitcoin reaches fresh highs, Binance's business model remains robust.
The exchange's priority remains on expansion and the creation of a secure trading ecosystem. It welcomes discussions with institutions looking for investment or collaboration options. Binance assures users that operations will continue as usual. The company's willingness to engage in collaborations and acquisitions demonstrates its dedication to crypto industry growth and collaboration.
Despite the rumors, Binance remains a major player in the industry. The exchange is looking forward to prospective strategic agreements that would help it enhance its market position.
