Binance.US is privately negotiating to raise up to $100 million in fresh capital. The exchange is seeking a valuation of approximately $1 billion, according to recent reports from Bloomberg. This round represents a substantial drop compared to the $4.5 billion valuation it held in its last funding round in 2022.
The purpose of this move is to relaunch the exchange’s operations after overcoming multiple regulatory hurdles, banking disruptions, and a sharp contraction in its trading volume. The liquidity injection under the leadership of Stephen Gregory aims to secure new derivatives licenses, expand its state-by-state coverage, and compete aggressively on fees against established giants like Coinbase and Kraken.
Crypto market investors and analysts will closely monitor the progress of this funding round to gauge institutional confidence in the platform. As a next step, the exchange will need to materialize these funds to fully restore its market share in the U.S. ecosystem.
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