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CoinDesk operates as an independent Binance "a few months ago" chaired by a former editor-in-chief still planning to hire "a few hundred more compliance people.

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Musk's Twitter Crypto Exchange Rivals CZ's Binance
The cryptocurrency exchange Binance said it plans to buy its rival FTX Trading, in the latest example of how fortunes can change rapidly in. The rival, Changpeng Zhao, the chief executive of a bigger crypto exchange called Binance, agreed to bail out FTX. But FTX's future grew. Binance, the world's largest cryptocurrency exchange, says it is buying rival FTX, run by Democratic mega-donor Sam Bankman-Fried.

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