Binance, the world's largest cryptocurrency exchange, is in talks with sovereign wealth funds for a stake, as the newly founded company faces increasing regulatory pressure worldwide.< /p>
According to Arab Net, Binance CEO Zhang Bing Zhao told the Financial Times that investments from sovereign wealth funds will help improve their image and relationships with various governments. .
The exchange declined to comment on the sovereign wealth funds it had contact with.
A company spokesperson said that Binance, which was initially based in China, is also keeping its options open in naming its new headquarters after China's recent crackdown on assets. encrypted.
Binance is registered in the Cayman Islands and has regional business hubs.
