The largest cryptocurrency trading floor according to Binance trading volume has participated in the acquisition of Twitter worth $ 44 billion of Elon Musk according to a announcement on Thursday.
Binance is one of 18 co -investors in this acquisition with major venture capital companies in the cryptocurrency industry such as Sequoia Capital Fund and Fidelity Management and Research Company.
With an investment of US $ 500 million, Binance is the fourth largest contribution company, after Thlawrence J. Ellison Revocable Trust, the company invested 1 billion USD. Sequoia Capital and Vycapital have contributed $ 800 million and $ 700 million respectively.
“We are happy to help Elon realize a new vision for Twitter and we hope to be able to play a certain role in bringing social networks and web3 together, and expanding the use and use and use. Accept cryptocurrency technology and blockchain. ”Changpeng Zhao, CEO of Binance
Billionaire CEO and founder Tesla Elon Musk officially announced the acquisition of Twitter on April 25, with a US $44 billion trading. His top priority for Twitter is to eliminate frauds, spam news including things related to cryptocurrencies.