Binance is in talks with sovereign wealth funds about them taking a stake in the world’s largest cryptocurrency exchange, as it seeks to buttress relationships with governments and offset aggressive regulators, its chief executive told the Financial Times.
The exchange has faced mounting pressure from regulators this year and believes investments from sovereign wealth funds would help improve its “perception and relationships” with various governments, Changpeng Zhao told the FT in an interview.
Read the full report: Financial Times
READ MORE:
How Binance Became Biggest Crypto Exchange: WSJ
Binance Founder Willing to Go as Pressure Mounts
