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Binance reportedly wants global wealth funds to get a stake in exchange
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Binance, the world’s largest cryptocurrency exchange, is reportedly in talks with sovereign global wealth funds to sell them a stake in the company.
In addition to planned “mega funding” for its United States-based business Binance.US, Binance is now also seeking global funding to improve relationships with regulators, Binance CEO Changpeng Zhao said in a Tuesday interview with The Financial Times.
According to Zhao, the upcoming funding is aimed to improve its “perception and relationships” with many governments as multiple financial regulators around the world have been cracking down on Binance this year.
“But it may also tie us to specific countries, which we want to be slightly careful with,” the CEO noted.
As Binance is currently at the
Read more on cointelegraph.comAbout this in other media
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Despite regulatory woes, Binance aims to become registered crypto firm in the U.K ambcrypto.com /2 years ago
UK digital services tax targets crypto exchanges cointelegraph.com /2 years ago
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