The CEO of the company is Chaopeng Zhang.
There is a person named Binance.
Changpeng "CZ" Zhao, the CEO of the company, told the Financial Times that they are in talks with some of the world's richest people about taking a stake in the company.
The FT said that the step could improve its perception and relationships with regulators.
He did not say which funds the company was talking to, but he did say that the ticket size would not be small.
When contacted by Insider, Binance was silent.
According to CoinGecko, the world's largest exchange by volume is Binance. Regulators in the UK, Singapore, Canada, Japan, Germany and elsewhere have put pressure on it.
The company is still owned by CZ, who founded it. The chief executive was concerned that investment from government funds might mean foreign influence.
He said that it may tie us to specific countries.
This wouldn't be the company's first brush with a wealth fund. The venture capital arm of Singapore's wealth fund is backing the Singapore arm of Binance.
The revenue run rate was "in the billions", as quoted by the FT, and the daily transaction volumes of $170 billion, compared with $10 billion to $30 billion two years ago.
Business Insider has an original article.
