Binance.US Seeks $1B Valuation in $100M Funding Round

Binance.US is reportedly seeking to raise up to $100 million in a funding round that could value the cryptocurrency exchange at $1 billion, according to a report by Bloomberg.

The potential $1 billion valuation sits significantly below the $4.5 billion pre-money valuation the exchange secured in 2022 during a $200 million seed funding round. The proposed financing aims to support the exchange's efforts to expand its business and regain market share against larger competitors.

Industry Context and Contacts

According to the report, Binance.US informed World Liberty Financial—the crypto platform co-founded by United States President Donald Trump and his sons—about the funding round, though the company will not be participating. Last year, Binance was involved in a controversial $2 billion investment tied to United Arab Emirates royalty and World Liberty using the USD1 stablecoin.

Regulatory Background

The fundraising effort follows the 2023 settlement between Binance Holdings Ltd. and United States authorities. Under that agreement, Binance Holdings agreed to pay $4.3 billion in penalties and accept additional compliance monitoring and oversight. Former CEO Changpeng Zhao pleaded guilty to a felony charge, serving four months in prison before receiving a pardon in 2025.

Key facts

• Binance.US is seeking to raise up to $100 million in a new funding round.
• The round could value the exchange at $1 billion, down from its 2022 valuation of $4.5 billion.
• The company informed World Liberty Financial of the funding round, but the firm will not participate.
• The capital raise is intended to help the exchange expand and regain market share following the 2023 regulatory settlement with United States authorities.