Binance.US and its founder, majority shareholder, and chairman, Changpeng Zhao, are trying into methods for lowering Zhao’s possession within the crypto trade, The Information reported.
In accordance with The Info’s reporting, executives at Binance.US have deliberated on how this potential discount in Zhao’s stake would possibly improve the corporate’s fame amongst U.S. regulatory authorities.
Zhao is a Canadian citizen, however his actual residence is unknown.
A Binance.US spokesperson declined to remark when contacted by CoinDesk