Who owns Binance?

Binance is owned mainly by its founder, Changpeng Zhao, with a minority stake held by MGX, an investment firm in Abu Dhabi. The company is private, so it does not publish a full list of shareholders or their percentages. Zhao no longer runs Binance, but his ownership was left in place under his 2023 US criminal settlement.

Who owns Binance now?

The main Binance exchange is operated by Binance Holdings. The SEC's June 2023 complaint described it as a Cayman Islands company founded and owned by Zhao, and said the Binance entities it sued were all beneficially owned and controlled by him. The SEC dropped that case with prejudice in May 2025, but the complaint remains the clearest public description of the ownership.

On March 12, 2025, MGX invested $2 billion in Binance for a minority stake, The Block reported. It was Binance's first financing from an institutional investor and MGX's first crypto deal. The payment was made in stablecoin, which Bloomberg later reported was World Liberty Financial's USD1, a token covered in what is World Liberty Financial.

In February 2026 Bloomberg reported that Zhao kept his stake under the 2023 resolution and said he no longer runs Binance. He pleaded guilty in 2023 and later received a presidential pardon. The legal history is set out in is Binance safe.

Who owns Binance US?

Binance.US is run by BAM Trading Services, which is wholly owned by BAM Management. The SEC's 2023 complaint said Zhao owned 81% of BAM Management at the time. Blockworks, citing The Information, reported in 2023 that the company was exploring ways to cut his stake, but as of February 2026 Bloomberg described Zhao as still a majority shareholder of Binance.US, which has its own management team. How the two exchanges differ for users is covered in Binance vs Binance.US.

Who is the CEO of Binance?

Richard Teng took over as CEO when Zhao stepped down in 2023, and he oversaw the appointment of Binance's first board in April 2024, according to Fortune. In December 2025 co-founder Yi He was named co-CEO alongside Teng. Bloomberg describes Yi He as Zhao's partner. As of October 2026 the two share the role.

Where is Binance headquarters?

Binance has not named an official global headquarters. In December 2025 it won three licences in Abu Dhabi Global Market, a financial free zone, for its exchange, clearing and broker-dealer businesses, held by companies called Nest Exchange, Nest Clearing and Custody, and Nest Trading. Teng told Fortune that Abu Dhabi Global Market is where the global platform will be regulated but would not call it the headquarters. Zhao lives in the United Arab Emirates, Bloomberg reported.

Ownership details for private companies are often incomplete and can change without public notice.