Binance.US wants to raise $100 million at a valuation of just $1 billion? Down nearly 80% from 2022 📉
Bloomberg reported on October 15:
💰 Fundraising: Up to $100 million (private placement)
🏷 Target valuation: Around $1 billion
📌 For comparison: In 2022, it raised over $200 million at a pre-money valuation of $4.5 billion. Now, its valuation is less than a quarter of that
👀 Trump family-linked World Liberty Financial is aware of the deal, but reportedly isn’t participating
Background: After Binance reached a settlement with U.S. regulators in 2023, Binance.US lost significant market share. Now it’s looking to catch up in the U.S. market. Details are still under negotiation, and both the fundraising amount and valuation could change.
My take:
1️⃣ The discounted valuation shows just how fierce competition is in the U.S. regulated market
2️⃣ But the fact that it can raise funds again also shows that investors are still willing to bet on regulated U.S. exchanges
3️⃣ For the
$BNB ecosystem, this is sentiment-related news, not a direct positive catalyst—don’t read too much into it
Current market:
$BTC is around $82,062 (+1.5% in 24h),
$BNB is around $728 (+1.9%), and the Fear & Greed Index is 63 (Greed).
Do you think this valuation is a buying opportunity, or is it fair pricing? Share your thoughts in the comments 👇
#BinanceUS #币安 #CryptoNews
Personal opinion only; not investment advice