October 7, 2022

Taylor Daily Press

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Binance wants to raise 'a few hundred million' dollars in the United States

Binance wants to raise ‘a few hundred million’ dollars in the United States

Binance wants to raise “a few hundred million” dollars in the United States. Binance US is looking to complete an investment round in the coming months. The organization must also choose the location for their headquarters. No Says Director Zhang Peng Zhao (CZ).

Raising money is relatively easy in the current investment climate. Many companies in the industry are bringing in millions of investments. Binance is one of the largest cryptocurrencies in the world (and the largest in terms of trading volume). With Binance US, the trading platform also wants to storm the US market.

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As many rules are (probably) broken, finance is caught in a significant international fire. Because of this, customers No deposit money with iDEAL.

Finance creates the image

Under the leadership of CZ, the trading platform is now refining its image internationally. This strategy also includes Binance US. The main site (binance.com) started with little respect for the international and local rules surrounding digital assets and, for example, the derivatives trade. However, in the United States you can not avoid it. With Binance US, CZ and Associates hope to be able to set foot here as well.

During the Bloomberg New Economy Forum in Singapore, the director of Binance noted that they would eventually consider going public with their shares.

Zhangpeng Zhao thinks there must be some other investment rounds before this can be an option. He does not know the exact numbers, but he believes a big boost in capital: “I think it’s worth a few hundred million dollars. From an IPO perspective, it’s best to fund some rounds.”

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Binance US is currently under investigation in the United States and the company is embroiled in a number of lawsuits.

CZ further responded when asked if his company is now making billions of dollars in profits. Here again he does not mention the exact amounts, but he does mention that if profits continue to grow, Binance will become cheaper. This is definitely a way to get a better position against competitors.

Binance is under an attractive attack, the platform executes billions of dollars worth of trades every day and competes with well-filled treasuries. Zhao notes that he likes the rules: “We need discipline. I am not a complete libertarian and I am not an anarchist.”