Binance in talks with sovereign wealth funds as it seeks investments

Binance is in talks with sovereign wealth funds about them taking a stake in the world’s largest cryptocurrency exchange, as it seeks to buttress relationships with governments and offset aggressive regulators, its chief executive has said, Report informs, referring to the Financial Times.

The crypto entrepreneur said last week at the Bloomberg New Economy Forum that the platform was recording daily transaction volumes of $170bn, compared with $10bn to $30bn two years ago.