Binance CEO, Changpeng Zhao, has stated that the company is unlikely to acquire any banking institutions to address the growing problem of crypto companies being debanked, including Binance's own operation in Australia. Zhao explained that the reality of buying a bank is much more complex than the concept, as banking regulators can still take away licenses for working with crypto, even if a bank is purchased.

Additionally, buying one bank would not be sufficient as corresponding banks all over the world are mostly in the US, and the cost of owning a bank is very high. However, Binance may make small minority investments into banks to influence them to be more crypto-friendly.