Binance.US seeks $100M funding at $1B valuation, TradingView reports
CIE News ·
Based on reporting by CryptoRank; not yet independently confirmed.
Binance.US is in talks to raise up to $100 million at a reported $1 billion valuation, reflecting a sharp drop from its 2022 level, according to TradingView. The transaction remains unfinalized.
Binance.US is seeking up to $100 million in private funding at a proposed valuation of approximately $1 billion, according to TradingView. If completed, the valuation would mark an approximate 78% markdown from the $4.5 billion valuation reached during its 2022 fundraising round. The transaction is pending and terms remain subject to revision. The platform plans to allocate the capital toward regulatory compliance, platform enhancements, and product expansion following earlier enforcement actions by the SEC.
Key facts
- Seeking up to $100M
- $1B proposed valuation
- 78% markdown from 2022
- Deal remains pending
Read the original at CryptoRank