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Binance US seeks $100m at $1bn valuation, Bloomberg reports
Binance US is reportedly raising up to $100m at a valuation of about $1bn, far below the $4.5bn it commanded in 2022, as it rebuilds its American business.
Why it matters: The reported round would value Binance US at about a quarter of its 2022 level, showing how far its American business has shrunk after regulatory and banking setbacks.
Key points
- The Miami-based exchange is said to be targeting roughly $1bn, against a $4.5bn pre-money valuation in April 2022.
- It previously raised more than $200m in seed funding from investors including Foundation Capital, RRE Ventures, Circle Ventures and Vaneck.
- CEO Stephen Gregory, appointed in March 2026, has cut fees and is weighing derivatives, perpetual futures and prediction markets.
The target is a steep fall from April 2022, when Binance US raised more than $200m in seed financing at a $4.5bn pre-money valuation. Investors then included Foundation Capital, RRE Ventures, Circle Ventures and the digital asset manager Vaneck.
Management has discussed operating across all 50 states, seeking derivatives licences and exploring perpetual futures and prediction markets, against competition from Coinbase and Kraken.
Desk editor: Keshav Aggarwal (accountable for this page; this summary was not edited by hand)
How this was produced: an AI model wrote this summary of Bitcoin.com News’s report, which we credit and link above. Read our Editorial and AI policy. Spotted a mistake? See Corrections.
Not investment advice. Read the risk disclaimer.