Binance.US explores ways to cut founder Zhao's majority stake - report

FILE PHOTO: Zhao Changpeng, founder and chief executive officer of Binance speaks during an event in Athens, Greece, November 25, 2022. REUTERS/Costas Baltas

(Reuters) -Binance.US and Changpeng Zhao, the crypto exchange's founder and majority owner, have been exploring ways to reduce his stake in the company, the Information reported on Thursday, citing two people familiar with the matter.

Zhao, who is also the CEO of Binance - the world's biggest crypto exchange, has been trying to sell at least some of his stake since last summer, the report said.