Binance.US Seeks Up to $100 Million at $1 Billion Valuation, Bloomberg Reports

Binance.US is reportedly seeking to raise up to $100 million at a $1 billion valuation, according to Bloomberg. Trump-affiliated World Liberty Financial was made aware of the fundraising but is not participating. The news signals ongoing capital-raising efforts by the U.S. arm of Binance, but the absence of a confirmed lead investor and the modest valuation relative to Binance's global scale make it a neutral development for crypto markets.