Binance: ”Financially stable... not considering IPO”

Binance CEO Richard Tang has revealed that the company is not considering an initial public offering (IPO).
On the 22nd (local time), Richard Tang said in an interview with CoinDesk, "Binance is a financial
"The situation is very stable politically," and he said an IPO is not on the table. This is in contrast to the stance of Coinbase, the largest cryptocurrency exchange in the U.S., which has embarked on an IPO.
Regarding Binance founder Zhao Changpeng, who is currently serving a four-month prison sentence, the company explained that he has no involvement in the management of Binance whatsoever.
He also stressed that the company continues to make efforts to increase transparency, including spending 36 percent more on compliance last year than it did the previous year.