Binance.US seeks $1B valuation in potential $100M funding round: Report
Reported by Cointelegraph · AI-assisted summary by ChikoCorp AI News Desk
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Summary
Binance.US is reportedly seeking to raise up to $100 million in a funding round that could value the exchange at $1 billion, according to a Bloomberg report. This potential valuation is notably lower than the $4.5 billion pre-money valuation the company had in 2022. The exchange is looking to expand its business and regain market share following regulatory challenges faced by its parent company, Binance Holdings Ltd.
Why it matters
The funding round reflects Binance.US’s efforts to recover from a period of regulatory scrutiny and decreased market position. The lower valuation indicates a significant shift in investor confidence or market conditions compared to prior funding rounds. The development matters for market participants watching the competitive dynamics among US crypto exchanges.
Key context
In 2022, Binance.US raised $200 million at a $4.5 billion valuation. Binance Holdings Ltd. recently settled with US authorities, paying $4.3 billion in penalties and agreeing to enhanced oversight after its then-CEO, Changpeng Zhao, pled guilty to a felony charge and later received a pardon from Donald Trump in 2025. Last year, Binance was linked to a controversial $2 billion investment involving UAE royalty and World Liberty Financial via its USD1 stablecoin.
Key numbers and entities
Binance.US, Binance Holdings Ltd., Bloomberg, World Liberty Financial, Donald Trump, Changpeng Zhao. $100 million potential raise, $1 billion proposed valuation, $4.5 billion previous valuation, $4.3 billion regulatory penalties, $2 billion UAE-related investment.
What remains unclear
The report does not clarify the timeline for closing the funding round or the identities of other potential investors besides World Liberty Financial withdrawing. Details about how Binance.US plans to use the new funds specifically or the terms of the proposed investment are also not provided.