CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Binance pledge to invest $500 million in Twitter alongside Elon Musk.

leading crypto exchange Binance participated in Elon Musk's $44 billion purchase of Twitter. Binance is one of 18 stakeholders worth $500 million at Twitter.

Share This Post

Share on facebook
Share on linkedin
Share on twitter
Share on email

According to data submitted by the US Securities and Exchange Commission, leading crypto exchange Binance participated in Elon Musk’s $44 billion purchase of Twitter. On May 5, Musk submitted a revised generalized statement of takeover, indicating that Twitter had acquired fresh financing commitments totaling $7.2 billion in conjunction with the business combination, bound by the terms of co-investor capital contribution documents.

Twitter test lets you 'unmention' yourself in tweets | Engadget

Stakeholders of Twitter

Binance is one of 18 stakeholders, among prominent crypto huge companies like as Sequoia Capital Funds and Fidelity Management. Binance is the fourth largest donor, at $500 million, behind the Lawrence J. Ellison Revocable Trust, which put in $1 billion. Sequoia Capital and VyCapital each contributed $800 million and $700 million.

On April 25, billionaire Tesla CEO and creator Elon Musk formally announced the purchase of Twitter, with the $44 billion deal slated to completion in 2022. He said that removing “spam and fraud chatbots and the bot army”. That includes those bots tied to cryptocurrency, which will be one of Musk main goals for Twitter.

Elon Musk message to Binance

Last year, Musk pressed Binance to fix several platform flaws, resulting in a brief Twitter spat with the Binance CEO. Musk brought up a concern with certain Dogecoin withdrawals becoming delayed on Binance, and asked Zhao to clarify the situation.

Subscribe To Our Newsletter

Get updates and learn from the best

More To Explore

Capital.com

Capital.com Review Capital.com is a provider of CFD trading and stock investing services. Traders can access a wide range of products in a variety of

What are you looking for in a broker?

Select the ‘must-have’ features or requirements that are important to you

Mobile Trading

Trade on Margin

Direct Market Access

Offers US Stocks

Accept Paypal

Offers UK Stocks

Offers MT4

Allows Scalping

Copy Trading

Accepts Credit Card

Allows Hedging

ECN or STP Execution

Offers Altcoins

Offers Crypto Crosses

Fixed Spreads

Variable Spreads

Offers Demo Account

Professional Status

VPS Trading

Zero Spread Account

Mobile Trading

Trade on Margin

Direct Market Access

Offers US Stocks

Accept Paypal

Offers UK Stocks

Offers MT4

Allows Scalping

Copy Trading

Accepts Credit Card

Allows Hedging

ECN or STP Execution

Offers Altcoins

Offers Crypto Crosses

Fixed Spreads

Variable Spreads

Offers Demo Account

Professional Status

BIGINNER

VPS Trading

Zero Spread Account

How experienced are you at trading?

Select the ‘must-have’ features or requirements that are important to you

beginner

Intermediate

EXPERT