Binance US reportedly seeks $100m at a valuation near $1b

Binance US has reportedly sought up to $100 million at a valuation near $1 billion to expand its American business, including a possible entry into prediction markets. Up to $100 million in fresh capital would support the exchange’s reported U.S. expansion plans. A valuation near $1 billion compares with its $4.5 billion pre-money valuation in 2022. World Liberty Financial has reportedly decided against investing despite its ties to global Binance. Prediction markets, state license restoration and outside liquidity feature in the exchange’s reported plans. Bloomberg reported on Oct. 15 that Binance US is pursuing the private funding round as competition for American crypto customers increases. The proposed financing would support its expansion against platforms including Coinbase, Kraken, Robinhood and Gemini.

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