Cryptocurrencies

Binance U.S. Unit May Raise ‘Couple Hundred’ Million in Funding

WATCH: Binance CEO Zhao says the U.S. affiliate of the cryptocurrency exchange may raise a couple hundred million dollars in its funding round.Source: Bloomberg

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By Joanna Ossinger

November 19, 2021 at 4:51 AM UTC

This article is for subscribers only.

Binance.US, the American affiliate of top global cryptocurrency exchange Binance, may raise a couple hundred million dollars in its funding round expected to close soon.

Binance Chief Executive Officer Changpeng “CZ” Zhao said in an interview at Bloomberg’s New Economy Forum that the round is likely to close in the next one to two months.