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Binance Confirmed to be Participating as Equity Investor in Elon Musk's Twitter Takeover

Tris Bell

Summary: Binance confirmed on Friday that it was acting as an equity investor in Elon Musk’s takeover of Twitter, having transferred $500 million two days ago. Binance founder Changpeng Zhao called the $500 million investment “a small contribution to the cause” in May and said at the time that the most important thing was to reduce ...

Binance confirmed on Friday that it was acting as an equity investor in Elon Musk’s takeover of Twitter, having transferred $500 million two days ago.

Binance founder Changpeng Zhao called the $500 million investment “a small contribution to the cause” in May and said at the time that the most important thing was to reduce scams on the platform.

“Our initial commitment remains the same and we look forward to exploring opportunities to grow the partnership in the future, a Binance spokesperson said.

Author: Tris Bell

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Link: Binance Confirmed to be Participating as Equity Investor in Elon Musk's Twitter Takeover   [Copy]
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