⚡️Just confirmed: Binance.US is looking to raise money
It’s targeting a raise of up to $100 million at a $1 billion valuation (Bloomberg report, 10/15)
For context: In April 2022, it raised over $200 million at a pre-money valuation of $4.5 billion
Today’s valuation is less than a quarter of what it was back then—a serious haircut
Why? After settling with U.S. authorities in 2023, it lost a lot of U.S. market share over the past few years. Now it wants to make a comeback
The game plan: prediction markets, reclaiming lost state licenses, and finding external liquidity (possibly even tapping Binance Global)
The interesting bit: Trump family-backed World Liberty Financial was also invited to hear the pitch, but passed 😏
The competition: Coinbase, Kraken, Robinhood, and Gemini—all formidable players
If the raise goes through, Binance.US will at least be back in the game
What do you think—is a $1 billion valuation too high or a bargain?
For informational purposes only; not investment advice
#BinanceUS
It’s targeting a raise of up to $100 million at a $1 billion valuation (Bloomberg report, 10/15)
For context: In April 2022, it raised over $200 million at a pre-money valuation of $4.5 billion
Today’s valuation is less than a quarter of what it was back then—a serious haircut
Why? After settling with U.S. authorities in 2023, it lost a lot of U.S. market share over the past few years. Now it wants to make a comeback
The game plan: prediction markets, reclaiming lost state licenses, and finding external liquidity (possibly even tapping Binance Global)
The interesting bit: Trump family-backed World Liberty Financial was also invited to hear the pitch, but passed 😏
The competition: Coinbase, Kraken, Robinhood, and Gemini—all formidable players
If the raise goes through, Binance.US will at least be back in the game
What do you think—is a $1 billion valuation too high or a bargain?
For informational purposes only; not investment advice
#BinanceUS