Binance.US Targets $1B Valuation in $100M Funding Round as Exchange Seeks US Comeback

Binance.US targets a $1 billion valuation in a new funding round, down from $4.5 billion in 2022, as it pursues a US comeback and explores prediction markets. Binance.US is seeking up to $100 million in fresh funding at a valuation of around $1 billion as the cryptocurrency exchange looks to rebuild its business in the United States after years of regulatory pressure, according to a Bloomberg report published on October 15. The fundraising effort comes as the American crypto market becomes increasingly competitive, with Coinbase, Kraken, Robinhood, and Gemini competing for traders.