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26.11 - 12:49
Binance eyeing IPO, to raise a ‘couple hundred million’ in funding
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ambcrypto.comDespite regulatory pushback, cryptocurrency exchange Binance and its various regional entities have proven to be significantly successful businesses. However, once you get the taste of growth, the only direction to move is higher up.
Even with a profitable year, it is no secret that Binance US has been eyeing an IPO for a while now. To that effect, it has already begun the process with its first funding round. It is slated to “close in about a month or two,” according to Binance CEO Changpeng “CZ” Zhao.
Speaking at the Bloomberg New Economy Forum in Singapore on 19 November, CZ added that the firm was raising a “couple hundred million” dollars in this round, although he was unsure of the exact figure.
Binance US would be the second major
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