Binance.US seeks $1B valuation in potential $100M funding round: Report
60-second summary
Binance.US is pursuing a $100 million capital raise that would lift its valuation to roughly $1 billion, according to sources, as the platform seeks to recoup market share lost after Binance’s 2023 settlement with U.S. regulators. The infusion would bolster its liquidity and product development, potentially sharpening competition among U.S. crypto exchanges and influencing overall market dynamics.
The crypto exchange was reportedly looking to use the additional funding to regain market share following Binance’s 2023 settlement with US authorities.