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Binance is in talks with several sovereign wealth funds about taking a stake in the crypto exchange, report says
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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.comAbout this in other media
Binance revives plans for a UK launch after winning over the financial regulators that banned it markets.businessinsider.com /2 years ago
Binance plans to become registered UK firm despite regulatory setbacks cointelegraph.com /2 years ago
ETPs all the rage in Europe, ETC Group launches five new funds on Deutsche Boerse ambcrypto.com /2 years ago
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