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Binance US on track for IPO

Forkast2022-03-29

Binance US is on track for an initial public offering (IPO) in two to three years, with a “couple of hundred million dollars” in funding to be announced in April, Binance US CEO Brian Shroder said at the Binance Blockchain Week on Monday.

Image: Binance US

Fast facts

  • Binance founder and chief Changpeng Zhao, popularly known as ‘CZ’, had first mentioned the fundraising in November last year.
  • In Q4 2021, Binance US booked more profits than Uber did since its inception, Shroder said.
  • Binance US is neither a subsidiary nor an affiliate of Binance, the largest cryptocurrency exchange in terms of trading volume.
  • Binance US will be licensed in all jurisdictions in the country by the end of 2022 — it is currently seeking licenses in New York, Texas, Idaho, Hawaii and Vermont.
  • In February, the Securities and Exchange Commission launched an investigation into the relationship between Binance US and two trading firms with ties to CZ.

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  • LaPrich
    ·2022-03-29
    When IPO....[Miser] 
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  • Road1Warrior
    ·2022-03-29
    Bianace ‌[看跌] 
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  • Jchptan
    ·2022-03-29
    Hi
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