{"id":308619,"date":"2023-03-14T08:20:20","date_gmt":"2023-03-14T08:20:20","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=308619"},"modified":"2023-08-14T18:20:22","modified_gmt":"2023-08-14T17:20:22","slug":"binance-ceo-denies-interest-in-coindesk","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/binance-ceo-denies-interest-in-coindesk\/","title":{"rendered":"Binance CEO denies interest in CoinDesk"},"content":{"rendered":"

Binance CEO Changpeng ‘CZ' Zhao has denied interest in purchasing the crypto media outlet, CoinDesk.<\/p>\n

In a March 14 tweet<\/a>, Zhao denied Blockwork's report<\/a> that his exchange was trying to acquire the media firm through its CoinMarketCap subsidiary.<\/p>\n

According to Zhao, Binance is “not buying” CoinDesk because it does not fit its “geographic coverage.”<\/p>\n

“Not \u2018on hold\u2019.\u00a0Not buying.\u00a0It may be a good business. But not a fit in our geographic coverage.\u201d<\/p><\/blockquote>\n

CoinDesk is a leading crypto media platform belonging to Digital Currency Group (DCG) — the parent company of bankrupt Genesis and crypto investment firm Grayscale.<\/p>\n

Reports had revealed that DCG was looking to cash in on the media firm due to the liquidity issues it faced with its bankrupt subsidiary. As of January, CoinDesk CEO Kevin Worth confirmed that the company was shopping for a buyer.<\/p>\n

Cardano (ADA<\/a>) founder Charles Hoskinson confirmed<\/a> his interest in acquiring the firm. However, he noted that the firm was overpriced at its $200 million valuation.<\/p>\n

Meanwhile, this is not the first time that Binance would be tied to an investment with a media firm. In 2022, the crypto exchange made\u00a0a $200 million investment<\/a> in legacy media outlet Forbes.<\/p>\n

Besides that, the exchange invested<\/a> around $500 million in Elon Musk's Twitter purchase.<\/p>\n","protected":false},"excerpt":{"rendered":"

Binance CEO Changpeng ‘CZ’ Zhao has denied interest in purchasing the crypto media outlet, CoinDesk. In a March 14 tweet, Zhao denied Blockwork’s report that his exchange was trying to acquire the media firm through its CoinMarketCap subsidiary. According to Zhao, Binance is “not buying” CoinDesk because it does not fit its “geographic coverage.” “Not […]<\/p>\n","protected":false},"author":720,"featured_media":290347,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[77968],"tags":[77118],"prediction_market_topic":[],"post_folder":[],"acf":[],"yoast_head":"\nBinance CEO denies interest in CoinDesk<\/title>\n<meta name=\"description\" content=\"In a March 14 tweet, CZ said Binance is "not buying" CoinDesk because it does not fit its "geographic coverage."\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/binance-ceo-denies-interest-in-coindesk\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Binance CEO denies interest in CoinDesk\" \/>\n<meta property=\"og:description\" content=\"In a March 14 tweet, CZ said Binance is "not buying" CoinDesk because it does not fit its "geographic coverage."\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptoslate.com\/binance-ceo-denies-interest-in-coindesk\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoSlate\" \/>\n<meta property=\"article:published_time\" content=\"2023-03-14T08:20:20+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-08-14T17:20:22+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2023\/01\/coindesk.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Oluwapelumi Adejumo\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:site\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Oluwapelumi Adejumo\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/cryptoslate.com\/binance-ceo-denies-interest-in-coindesk\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cryptoslate.com\/binance-ceo-denies-interest-in-coindesk\/\"},\"author\":{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/#person\",\"name\":\"Oluwapelumi Adejumo\",\"url\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/\"},\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/#authorimage\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2025\/12\/profile-photo-oluwapelumi-adejumo-300x300.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2025\/12\/profile-photo-oluwapelumi-adejumo-300x300.jpg\",\"caption\":\"Oluwapelumi Adejumo\"},\"jobTitle\":\"Senior Reporter\",\"description\":\"Oluwapelumi values Bitcoin's potential. 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