📌 “Binance.US” seeks to raise $100 million to expand its U.S. business
💰 The cryptocurrency exchange is targeting a raise of up to $100 million at a valuation of around $1 billion in a private funding round aimed at bolstering its business amid intensifying competition for digital-asset investors
📉 The platform is seeking to regain market share after losing ground following the global Binance’s 2023 settlement with U.S. authorities. It raised more than $200 million in 2022 at a pre-money valuation of $4.5 billion
⚖️ The move comes as the regulatory environment for cryptocurrencies improves in the U.S. The company is working to regain some state-level money-transmitter licenses and is considering options to boost trading liquidity and expand into new activities, including prediction markets
🔎 Although the cryptocurrency venture linked to the Trump family was among those briefed on the funding round, a source said it is not participating. The size of the round and the investor mix remain subject to change
🔴$BNB $BTC #PEPE
💰 The cryptocurrency exchange is targeting a raise of up to $100 million at a valuation of around $1 billion in a private funding round aimed at bolstering its business amid intensifying competition for digital-asset investors
📉 The platform is seeking to regain market share after losing ground following the global Binance’s 2023 settlement with U.S. authorities. It raised more than $200 million in 2022 at a pre-money valuation of $4.5 billion
⚖️ The move comes as the regulatory environment for cryptocurrencies improves in the U.S. The company is working to regain some state-level money-transmitter licenses and is considering options to boost trading liquidity and expand into new activities, including prediction markets
🔎 Although the cryptocurrency venture linked to the Trump family was among those briefed on the funding round, a source said it is not participating. The size of the round and the investor mix remain subject to change
🔴$BNB $BTC #PEPE