Binance
Crypto exchange Binance has been in talks with sovereign wealth funds about potentially taking a stake in the company, chief executive Changpeng «CZ» Zhao told the Financial Times on Tuesday in an interview.
CZ said he believed this step could improve its «perception and relationships» with various governments and regulators, the FT said.
He did not disclose which funds the company has been talking to, but he did say «the ticket size involved will not be small . . . it won't be a short process,» according to the FT.
Binance was not immediately available to comment when contacted by Insider.
Binance is the world's largest crypto exchange by volume, according to CoinGecko. However, it has faced pressure from regulators in the UK,
Read more on markets.businessinsider.com