Binance.US Seeks $100 Million in Fundraising for Expansion
JH Kim
Summary
- Binance.US is reportedly seeking to raise $100 million to expand its business.
- The report said the fundraising is a plan to secure new capital for business expansion.
- Binance.US previously raised more than $200 million in 2022 at a $4.5 billion valuation.
Binance.US, the U.S. cryptocurrency exchange, is seeking to raise $100 million to expand its business, Cointelegraph reported on Oct. 15.
According to the crypto-focused media outlet, the fundraising would bring in new capital for the expansion effort.
World Liberty Financial, the decentralized finance project backed by US President Donald Trump's family, was also briefed on the fundraising plan. It is not participating in the investment, the report said.
Binance.US previously raised more than $200 million in 2022 at a pre-money valuation of $4.5 billion.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.