Binance has no intention to be listed on the Stock Exchange.
The denial comes directly from Binance’s CEO, Zhao Changpeng, following the rumours circulated in the morning, according to which the cryptocurrency exchange was moving towards an initial public offering (IPO) in the wake of what was already announced by the fintech startup Robinhood.
This is Changpeng’s statement directly from Twitter
“Binance has no plans for an IPO, but that doesn’t make those experiences less valuable in our new industry.
On the contrary, those are very much needed”.
But if on the one hand, Binance says no to Wall Street, on the other, Bitmain, one of the largest manufacturers of mining hardware continues the process for its Stock Exchange listing, with a strong pre-IPO collection of $1.1 billion and a valuation between $14 and $15 billion.