Binance US Chases $100 Million at a Fraction of Past Valuation: Bloomberg
Binance US is reportedly seeking up to $100 million in fresh capital at a valuation of roughly $1 billion, a striking reversal from its $4.5 billion pre-money valuation in 2022. Bloomberg reports that the exchange wants to rebuild its American business after years of regulatory trouble, shrinking market share, and banking disruptions, with expansion plans […]
Binance US is reportedly raising up to $100 million at a roughly $1 billion valuation, down sharply from its $4.5 billion pre-money valuation in 2022. The exchange aims to rebuild its US business after regulatory troubles, shrinking market share, and banking disruptions. The steep valuation drop signals continued weakness in Binance's US operations, which could weigh on sentiment for BNB and the broader exchange sector.
