Binance U.S. may raise 'couple hundred million' in funding, CEO says
Information about Binance U.S. may raise 'couple hundred million' in funding, CEO says
Kevin David Scam or Legit
By Nikhil Nainan
(Reuters) – Binance’s U.S. unit may raise a “couple hundred million” dollars in a funding round set to close in a month or two and the global cryptocurrency exchange has also decided on a new headquarters, its chief executive Changpeng Zhao said on Friday.
Speaking at the Bloomberg New Economy Forum in Singapore, Zhao said the firm’s U.S. affiliate has the option to go for an initial public offering (IPO) using rival Coinbase as an example, and that he was not ruling out listing the parent company in future.
“I think it’s a couple hundred million dollars,” Zhao, who is also known as “CZ”, said at the event, adding that he doesn’t know the exact number of the proposed fresh funding.
“For an IPO perspective, …