Binance.US to Close Funding Round With ‘Reputable Investors’
(Bloomberg) -- Binance.US is expecting to close a funding round shortly, Binance Chief Executive Officer Changpeng Zhao said in a statement to Bloomberg.
“There is significant interest from top-level investors, and they expect they will close a round shortly,” Zhao said.
Binance.US, the exchange serving U.S. investors, “will have a diverse cap table with reputable investors and an independent board with proper governance, including the addition of new outside investors and independent members,” Zhao said.
Binance is also being probed by a number of regulatory agencies worldwide. Despite that, Zhao said he expects to move ahead with taking Binance.US public. Rival Coinbase Global Inc. went public earlier this year and a number of other crypto exchanges are mulling a similar move, as the number of people interested in cryptocurrencies continues to swell.
“Binance.US also aims to IPO in the not too distant future,” Zhao said. “It’s just a matter of time.”
While Binance.US says it’s independent of Binance, the world’s biggest crypto exchange, the exact ownership structure is unclear.
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