Binance co-founder Yi He has addressed rumors about the exchange's potential selloff or shutdown, calling them baseless. While dismissing the claims, Yi emphasized that Binance is open to strategic partnerships but has no plans for a sale.
Yi He Responds to Rumors
Rumors surfaced on social media suggesting Binance might be sold or shut down due to regulatory challenges. Yi He dismissed these as false, accusing competitors of spreading misinformation. She clarified that while Binance is open to partnerships and acquisitions, there are no plans for a sale.
“We do not rule out the introduction of strategic partners and are open to mergers and acquisitions,” she said.
Binance’s Legal Situation
Binance and the U.S. SEC filed a joint motion last week to pause their lawsuit for at least 60 days. The pause is in response to the formation of a new crypto task force under SEC Commissioner Hester Peirce, with both parties hopeful the task force will help resolve the case.
Currently BNB Price trading at $677.06 as per Coinpedia Market data.
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Changpeng Zhao Critiques Token Listing Process
Binance co-founder Changpeng Zhao (CZ) criticized the token listing process on centralized exchanges (CEXs). He noted the delay between listings on decentralized exchanges (DEXs) and CEXs, allowing pump-and-dump schemes.
“As an observer, I think the Binance listing process is a bit broken,” Zhao said, calling for improved efficiency in listing tokens.
Yi He and Changpeng Zhao have reassured the community that Binance remains committed to exploring strategic partnerships while improving operational processes. The company continues to navigate legal challenges and regulatory changes.
