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Binance US may raise ‘couple hundred million’ in funding, CEO says
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economictimes.indiatimes.comBengaluru: Binance's US unit may raise a “couple hundred million” dollars in a funding round set to close in a month or two, CEO Changpeng Zhao said on Friday, and that the global cryptocurrency exchange has also decided on its new headquarters. Speaking at the Bloomberg New Economy Forum in Singapore, Zhao said the firm's US affiliate has the option to go for an initial public offering using rival Coinbase Inc.
as an example, and that he was not ruling out listing the parent company in future. “I think it’s a couple hundred million dollars,” Zhao, who is also known as CZ, said at the event, adding that he doesn't know the exact number of the proposed fresh funding.
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