Binance.US seeks $100 million funding at $1 billion valuation, down from 2022

Binance.US is reportedly seeking to raise up to $100 million through a new funding round that could value the cryptocurrency exchange at $1 billion. The move signals a significant decrease from its $4.5 billion pre-money valuation in 2022, when it raised $200 million in seed capital. The US-based arm of Binance is targeting private investors in an effort to boost its business operations. The planned $1 billion valuation reflects the more cautious investor sentiment surrounding cryptocurrency exchanges after a tumultuous period for the industry.

Source: CoinTurk News