Cryptocurrency exchange Binance CEO Zhao Changpeng dismissed rumors he planned to perform an initial public offering (IPO) September 7, following fintech startup Robinhood.
FINANCE SKILLS ‘VERY MUCH NEEDED’
After a report by Sludgefeed which suggested Binance’s recent hiring of Wall Street executive Wei Zhou as its CFO this week meant it was seeking to IPO, Changpeng denied this was the company’s goal.
“(Binance) have no plans for IPO, but that doesn’t make those experiences less valuable in our new industry. On the contrary, those are very much needed,” he wrote on Twitter.
Zhou represents a considerable skill set when it comes to financial management, Sludgefeed noting he led two major corporations through the IPO maze on Nasdaq and the New York Stock Exchange.
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