Cryptoupdated 1h ago2 min read
Binance.US Seeks Up To $100 Million To Expand American Operations At About $1 Billion Valuation
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Binance.US seeks up to $100 million in funding at about $1 billion valuation. Funds aim to expand U.S. operations and regain market share amid competition.
Binance.US seeks $100M
Binance.US is reportedly seeking to raise up to $100 million in a private funding round that could value the crypto exchange at about $1 billion, with the capital intended to expand its American business. World Liberty Financial, a crypto venture co-founded by US President Donald Trump and his sons, was informed of the capital raise but is not participating, according to Bloomberg as described by Quartz.
Binance.US is also exploring prediction markets and the restoration of certain state money-transmitting licenses as part of its expansion plans, according to Bloomberg. Binance.US is considering tapping external liquidity providers, with the global Binance platform among the options under consideration, according to Bloomberg.
Valuation, funding history
Binance.US previously secured over $200 million in funding at a pre-money valuation of $4.5 billion in 2022, according to Bloomberg as described by Quartz. Binance.US is pursuing the private funding round as it looks to regain market share following Binance’s 2023 settlement with US authorities, according to Cointelegraph.
Binance Holdings agreed to pay $4.3 billion in penalties and accept additional monitoring and oversight as part of the 2023 agreement, and Changpeng Zhao pleaded guilty to a felony charge, according to Cointelegraph. Changpeng Zhao completed a four-month sentence in prison before receiving a pardon from Trump in 2025, according to Cointelegraph.
Regulatory and product push
Binance.US is considering prediction markets and restoring certain state money transmitter licenses, while also sourcing liquidity from outside providers, potentially including the global Binance exchange, according to Crypto News.
Bloomberg described the fundraising effort as coming after regulatory setbacks for the Binance brand, including a criminal settlement with the U.S. Justice Department in 2023 and a separate civil case brought by the Securities and Exchange Commission against Binance’s American affiliate, according to Crypto News.
Bloomberg also reported that Binance.US has held conversations about drawing on outside liquidity providers, with Binance’s global platform among the options under consideration, and that no approach has been decided, according to Quartz.
Quartz reported that Binance.US was established in 2019 as an operationally independent platform from the broader Binance network, and that Changpeng Zhao holds significant ownership stakes in each.