Binance CEO Responds To Allegations That He Will Buy ‘CZ’ Coindesk!

‘CZ’ also known as Binance CEO Changpeng Zhaoyour company CoinMarketCap through CoinDesk He denied reports that he was trying to buy.

CZ Responds to Coindesk Allegations

In the news, first published by Blockworks, it was stated that Binance is in talks to buy CoinDesk for close to $75 million.

CZ denied the allegations on Twitter, stating that the article was not true. He did not provide any further details on the matter.

Note “on hold”. Not buying.

It may be a good business. But not a fit in our geographic coverage. 🙏

— CZ 🔶 Binance (@cz_binance) March 14, 2023

This development comes after Cardano founder Charles Hoskinson expressed interest in acquiring CoinDesk last year, but the deal did not materialize.

CoinDesk is a leading digital media company covering news and analysis related to the cryptocurrency and blockchain industries. The company was founded in 2013 and has since become a trusted source of information for industry professionals and enthusiasts.

Meanwhile, Binance is making headlines for its own acquisitions and expansions. The company recently acquired DeFi analytics platform DODO and also launched an unchangeable token (NFT) market on its platform.

Binance is one of the largest cryptocurrency exchanges in the world, with a daily trading volume of over $4 billion.

The cryptocurrency industry has seen a lot of mergers and acquisitions activity in recent years as companies seek to expand their offerings and gain a competitive edge in the market.

As the industry continues to grow and mature, we can expect more deals to be made as companies try to position themselves for long-term success.

While these developments were taking place on the stock market, Bitcoin (BTC) was trading at $ 24,500 at the time of this writing.

*Not investment advice.