Binance.US is Reportedly in Talks to Close Multi-Million Funding Round

Prashant Jha
November 19, 2021 Updated August 17, 2024
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CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Binance CEO Changpeng Zhao

Binance.US, an independent run sister country of global crypto platform Binance is reportedly in talks to close multi-million dollar funding rounds. Changpeng Zhao (CZ), the CEO of Binance confined the same in an interview with Bloomberg and revealed that the deal might be finalized in the next couple of months. The funding details emerge just a day after another US-based crypto exchange Gemini raised $400 million in their first funding round.

2021 has proven to be the biggest year for crypto companies raising funds, as several big and small names have raised hundreds of millions of dollars. FTX takes the hat with its mind-blowing $900 million raise and then followed it with another $420 million in the capital. Apart from crypto exchanges, data and analytic firm chainalysis also became a Unicron after two multi-million funding round. Thus, it is very clear that investors are rushing to pour money into crypto companies after looking at the success of Coinbase.

Binance.US has been working on a funding round since August this year with many claiming the platform might go for an IPO soon. The crypto exchange was looking for $100 million in funding in its early phase, but now it seems that the crypto platform would raise several hundred million in its first fundraising.

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Binance Could Become Most Valuable Crypto Company

Binance is a global crypto platform and is considered the biggest given the scope of its services and daily trading volumes. Some insider reports have claimed that Binance could well be valued at $300 billion after its first round of funding.

CZ also said that they have finalized a headquarter for the firm but would only reveal it once it’s sure of all regulatory clearance from the local government. The funding news comes after months of legal and regulatory trouble for the top cryptocurrency exchange and it seems things have started to fall back in place for the leading crypto platform.

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Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

About Author
About Author
An engineering graduate, Prashant focuses on UK and Indian markets. As a crypto-journalist, his interests lie in blockchain technology adoption across emerging economies.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.