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 spanning derivatives, prediction markets, and additional states. Four years after investors valued Binance US at $4.5 billion before its previous funding round, the American crypto exchange is reportedly back on the fundraising circuit with a considerably smaller price tag. The company is seeking as much as $100 million at a valuation of approximately $1 billion, according to a Bloomberg report published Thursday.

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