Binance.US Seeks $100 Million Funding Round At $1 Billion Valuation

TL;DR: Binance.US is reportedly seeking up to $100 million from private investors at a proposed valuation of approximately $1 billion. The financing discussions come as the American exchange attempts to rebuild after several difficult years. Binance.US is reportedly pursuing a $100 million fundraising round as it seeks to strengthen its presence in the American cryptocurrency market. Bloomberg reported on October 15 that the exchange was discussing an investment at a valuation of approximately $1 billion. If completed on those terms, it would represent a sharp reduction from the $4.5 billion valuation attached to its 2022 funding round. The discussions have not been announced as a closed transaction, and the proposed figures could change. Rebuilding A Damaged Business Binance.US once competed aggressively for American cryptocurrency traders but faced major regulatory and operational difficulties. The Securities and Exchange Commission’s earlier proceedings complicated the company’s relationships with banks and other commercial partners. As NewsBTC covered at the time, those disputes included an emergency application involving assets connected to the platform. Conditions have since ...