Binance.US Pursues $1B Valuation After $100M Funding Round: Report
The funding would help Binance US expand products, restore state licenses and compete with Coinbase, Kraken, Robinhood and Gemini, Bloomberg reported.
- Binance.US is seeking to raise up to $100 million in a private funding round, targeting a valuation of approximately $1 billion, Bloomberg reported yesterday as domestic crypto competition intensifies.
- Describing the preceding two years as a period of "hibernation," CEO Stephen Gregory said the company aims to regain market share lost following Binance Holdings Ltd.'s 2023 regulatory settlement over anti-money laundering failures.
- Alongside the capital search, Binance.US is considering prediction markets, restoring state money transmitter licenses, and sourcing liquidity from outside providers, potentially including the global Binance exchange.
- The financing would support expansion against platforms including Coinbase, Kraken, Robinhood, and Gemini. CEO Gregory previously set a 20% market share target for the U.S. platform, though proposed launches remain subject to regulatory approval.
- This capital raise aligns with a shifting U.S. regulatory climate. While Binance.US informed World Liberty Financial—a crypto venture co-founded by President Donald Trump—of the round, the firm is not participating in the funding.
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coinstats.appBinance.US seeks $1B valuation in potential $100M funding round: Report
The crypto exchange was reportedly looking to use the additional funding to regain market share following Binance’s 2023 settlement with US authorities. Binance.US is reportedly seeking to raise up to $100 million in a funding round that could value the cryptocurrency exchange at $1 billion. According to a Thursday Bloomberg report, the US-based crypto exchange […]
Binance US reportedly seeks $100m at a valuation near $1b
Binance US has reportedly sought up to $100 million at a valuation near $1 billion to expand its American business, including a possible entry into prediction markets. Bloomberg reported on Oct. 15 that Binance US is pursuing the private funding…
Binance.US Seeks $100M at $1B Valuation, 78% Below 2022
Binance.US is reportedly seeking to raise as much as $100 million at a valuation of about $1 billion, putting a steep discount on the U.S. crypto exchange as it attempts to rebuild market share and expand into new products. The private fundraising is still being negotiated, and its size, valuation and investor lineup could change. Binance.US raised more than $200 million in its previous external funding round in April 2022 at a $4.5 billion pre-…
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