Thursday, October 30, 2025

Binance Invests $200 Million in Forbes in Effort to Educate Consumers on Crypto Markets

Binance, the largest cryptocurrency exchange in the world, has decided to begin cleaning up its image and raise positive awareness about emerging blockchain technologies.

In order to do that, Binance will be making a $200 million strategic investment in US-based business media platform Forbes, as the exchange looks to “build widespread consumer understanding and education,” surrounding digital asset technologies and the broader crypto market. Binance founder Changpeng ‘CZ’ Zhao also told CNBC on Thursday that his company is looking to invest funds in other traditional companies as well, in an effort to progress the acceptance of blockchain.

Forbes welcomed the investment, saying the funds will help the media company become a leading supplier of information on virtual currencies such as bitcoin. Sources told CNBC that the money will help advance Forbes’ plan to eventually merge with a special purpose acquisition company. Binance will oust half of the $400 million in earmarked investments from institutional investors previously announced by Forbes, making the cryptocurrency exchange one of the two largest owners of the business media giant.

However, Binance’s investment is likely to raise concerns surrounding conflicts of interest, given that it could shift areas of business news coverage. Back in 2020, Forbes was sued by Binance for defamation, after the magazine published a piece regarding the exchange’s corporate structure. Binance later ended up dropping the case.


Information for this briefing was found via CNBC. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Silver’s Finally Breaking the System | Keith Neumeyer – First Majestic

The Best News for Gold Was the Drop! – Peter Grandich

McEwen Copper: The Los Azules Feasibility Study

Recommended

Silver47 Completes Property-Wide Geochemical, Rock Sampling Program At Adams Plateau, Identifies Numerous Targets

Altamira Gold Identifies Presence Of Second Mineralized Porphyry Body At Cajueiro

Related News

Binance France’s Managing Director Stéphanie Cabossioras Resigns Amid Regulatory Challenges

Stéphanie Cabossioras, the managing director of Binance’s French unit, has stepped down from her position,...

Thursday, October 19, 2023, 02:07:00 PM

Binance Suspected To Be Aiding Money Laundering, Tax Evasion Activities In Ireland And Malta

European Union authorities have flagged Binance’s operations in Ireland and Malta, expressing concerns about potential...

Wednesday, June 28, 2023, 12:38:00 PM

Binance Asks Judge To Prevent SEC From Putting BAM Trading’s CEO In Deposition

Binance, a leading cryptocurrency exchange, has taken legal action by requesting a protective order against...

Tuesday, August 15, 2023, 10:40:00 AM

Binance CEO Changpeng Zhao Pleads Guilty, Explained

In a significant development in the cryptocurrency world, Changpeng Zhao, the CEO of Binance, and...

Saturday, November 25, 2023, 09:04:00 AM

Checkout.com Cuts Ties with Binance Amidst Regulatory Concerns

In an unexpected move, Checkout.com, a London-based credit card processing firm, terminated its contract with...

Saturday, August 19, 2023, 11:36:00 AM