Binance.US seeks up to $100 million in funding at $1 billion valuation amid US expansion push

The exchange is reportedly seeking fresh capital to compete with Coinbase and Kraken as the fight for American crypto customers heats up Binance official brand logo / Wikimedia Commons (Public domain) [global Binance mark, not a Binance.US-specific asset] Binance.US wants more money. The exchange is looking to raise as much as $100 million to strengthen its US business, according to Bloomberg. The exchange, operated by BAM Trading Services, is reportedly seeking up to $100 million in new capital. The goal is to build out its US digital asset exchange operations. The terms of the round remain speculative. No final size, valuation, or investor list has been confirmed. Binance.US runs as an independent, US-licensed company. It is legally separate from the global Binance platform and holds regulatory approvals in multiple states.

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