Binance co-founder Yi He has denied rumors that the cryptocurrency trade is being bought, calling the claims a deliberate distraction created by rivals.
The hypothesis gained traction after a viral submit recommended Binance was planning a sale.
“The information from a couple of months in the past was correct—Binance is certainly going to be bought,” a screenshot shared by crypto commentator Cloak M stated. “Sooner or later, it is going to belong to DEX, and Binance has already misplaced its capacity to keep up an upward trajectory (largely as a result of regulatory points).”
The submit didn’t point out the id of the supposed Binance purchaser.
Yi He Dismisses Sale Rumors
Responding on X, Yi He dismissed the rumors, stating that Binance’s enterprise mannequin stays sturdy,.
She criticized the unfold of misinformation, accusing rivals of utilizing disaster PR methods to shift consideration away from their very own issues.
She additional clarified that Binance is at all times approached by institutional buyers exploring potential partnerships and investments.
Whereas she didn’t rule out the potential for bringing in strategic companions or buying different exchanges, she emphasised that Binance just isn’t on the market.
“If there are different buying and selling platforms with gross sales plans, please be happy to contact us,” she stated.
所以友商的危机公关策略就是批量买稿造币安的谣转移注意力？
自比特币价格突破新高，交易平台作为生态验证成立的商业模型，按照投资的头部原则，每个月都会有机构来问币安是否接受投资和合作，我们不排除引入战略合作伙伴，也开放并购，如果有其他交易平台有出售计划欢迎联系。— Yi He (@heyibinance) February 17, 2025
Binance sale rumors come the trade has liquidated over 24 million XRP from its company holdings as a part of a broader selloff that included 94.1% of its Bitcoin (BTC), practically all of its Ethereum (ETH) and USDT, and 99% of its Solana (SOL) since January 2025, totaling over $8 billion.
Regardless of the numerous discount, Binance’s BNB holdings solely dropped by 16.6%, and person reserves elevated by $4 billion, with the trade assuring that buyer balances stay unaffected.
The newest Proof of Reserve (PoR) report confirmed Binance’s XRP holdings declined from 115 million to 90.4 million tokens whereas sustaining a reserve ratio of 103.29% to make sure fund safety.
Along with the XRP sale, Binance offloaded billions in BTC, ETH, SOL, and USDT however elevated its USDC holdings, suggesting asset conversions relatively than full liquidations.
The precise causes behind the gross sales stay unclear, although Binance’s buyer assist attributed them to a treasury accounting adjustment relatively than direct market gross sales.
Binance just isn’t promoting property. This was merely an adjustment within the Binance treasury’s accounting course of. Consumer funds are SAFU, as at all times.
— Binance Buyer Assist (@BinanceHelpDesk) February 11, 2025
Binance Maintains Market Lead in 2024
Binance retained its place because the main crypto trade in 2024, capturing practically 40% of the full market with $7.35 trillion in buying and selling quantity. Bybit adopted in second place with a 9.3% share.
Crypto.com recorded the very best development amongst exchanges, with buying and selling quantity growing 970% from $120.6 billion in 2023 to $1.29 trillion in 2024.
Bybit and Gate.io additionally noticed main growth, with will increase of 398% and 242%, respectively.
In one other growth, the U.S. Securities and Change Fee (SEC) and Binance filed a joint movement on February 10, 2025, to pause their authorized proceedings for 60 days.
The “60-Day Pause” movement was submitted to the U.S. District Courtroom for the District of Columbia, with each events citing the SEC’s not too long ago established crypto process power as a key issue of their determination.
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