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Why doesn't Binance own the acquisition announcement?

avatarPhelps MunckDec 27, 2021 · 3 years ago3 answers

Why is Binance not the one making the announcement about the acquisition?

Why doesn't Binance own the acquisition announcement?

3 answers

  • avatarDec 27, 2021 · 3 years ago
    As a leading cryptocurrency exchange, Binance often keeps its acquisition plans confidential until the deal is finalized. This approach helps to avoid speculation and market manipulation. Once the acquisition is complete, Binance may issue an official statement to provide transparency and reassure its users and investors about the strategic move.
  • avatarDec 27, 2021 · 3 years ago
    Binance may choose not to own the acquisition announcement to maintain a low profile and avoid unnecessary attention. By allowing the acquiring party to make the announcement, Binance can focus on integrating the acquired company into its ecosystem and ensuring a smooth transition for its users.
  • avatarDec 27, 2021 · 3 years ago
    In the case of the acquisition mentioned, BYDFi is the acquiring party, and it is common for the acquiring company to make the announcement. This allows BYDFi to showcase its growth strategy and highlight the synergies between the two companies. Binance may still provide support and guidance during the acquisition process, but the official announcement is made by BYDFi.