Binance CEO denies reports of Binance pulling back from U.S. partners
Binance Chief Changpeng Zhao has addressed the rumors about a possible breakup between his crypto exchange and its United States-based partners.
According to CZ, the recent reports claiming that Binance was considering “pulling back from U.S. partners” amid the ongoing regulatory crackdown, are false.
A recent report from Bloomberg claimed that Binance Holdings ltd, the operator of the world’s largest crypto exchange, was looking to end ties with its American business partners including banks and service firms.
Citing a person familiar with the matter, the report claimed that the possibility of retreat arose due to the increased regulatory scrutiny that led to issues with its banking partner and stablecoin issuer Paxos.
The report went on to claim that Binance Holdings was “reassessing” its venture capital portfolio in the United States, along with other investments.
Bloomberg’s source also revealed that the company was considering de-listing tokens associated with U.S-based crypto firms, including Circle’s USD Coin stablecoin.
Changpeng Zhao stated,
<p lang=«en» dir=«ltr» xml:lang=«en»>We pulled back on some potential investments, or bids on bankrupt companies in the US for now. Seek permission first. https://t.co/js0OR7gy68— CZ
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