Binance.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 a $1 billion valuation in a potential $100 million funding round, according to a Bloomberg report. The move aims to help the U.S.-based crypto exchange regain market share following Binance's 2023 settlement with U.S. authorities. Binance.US is pursuing private investment to fund its expansion efforts, though it will not be participating in the funding round, which reportedly involves World Liberty Financial, a crypto platform co-founded by U.S. President Donald Trump and his sons.
The proposed valuation would be a significant decrease from Binance.US's $4.5 billion pre-money valuation in 2022, when it raised $200 million in seed funding. The potential funding round comes as Binance US looks to compete against larger rivals, following the 2023 settlement where Binance Holdings Ltd. agreed to pay $4.3 billion in penalties and face additional oversight.
As part of the agreement, former CEO Changpeng Zhao pleaded guilty to a felony charge and served four months in prison before receiving a pardon from Trump in 2025.
Written by urgent.news from Cointelegraph's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
- Crypto firm Binance.US seeks to raise $100m at $1bn valuation investing.com
- Sources: Binance.US seeks to raise up to $100M, targeting a ~$1B valuation in the private round, as it aims to expand its US business; WLF is not participating (Bloomberg) bloomberg.com
- Binance.US is seeking to raise up to $100 million at about $1 billion valuation qz.com
