US EditionBinance Weighs U.S. Re-Entry With Recapitalization and Institutional Partnerships
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Binance Weighs U.S. Re-Entry With Recapitalization and Institutional Partnerships
Binance is exploring a strategic return to the United States market through recapitalization of its American subsidiary and partnerships with major financial institutions, Bloomberg reported. The crypto exchange is considering plans to reduce founder Changpeng "CZ" Zhao's controlling stake in Binance.US, according to people familiar with the matter. State regulators have long viewed Zhao's majority ownership as a primary barrier to the company's…
Binance Eyes U.S. Comeback, Weighs Recapitalization and Ties With BlackRock
Binance is considering a strategic return to the U.S. market, potentially restructuring its American affiliate in a move that could reduce founder Changpeng Zhao’s majority ownership, Bloomberg reported Thursday. People familiar with the matter said the exchange is also pursuing closer relationships with institutional investors, including BlackRock, through potential new products and revenue-sharing arrangements.The deliberations come as Zhao, r…
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