Binance.US seeks up to $100M funding at $1B valuation

AI-generated briefing · First published

Binance.US is raising up to $100 million in a round that could value it at $1 billion, below its 2022 valuation.

Binance.US is seeking up to $100 million in new funding that could value the exchange at $1 billion, well below its 2022 pre-money valuation of $4.5 billion. [1] [2]

The exchange is pursuing private investment to expand its US business and regain market share after Binance Holdings’ 2023 settlement with US authorities. [1] [2]

Sources

  1. Binance.US Seeks $100 Million to Expand Its Crypto Business

    Bloomberg · · Summary only

  2. Binance.US seeks $1B valuation in potential $100M funding round: Report

    Cointelegraph · · Full text

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