Binance.US Valuation Plunges From $4.5B to $1B: What the New Funding Round Means

TLDR Binance.US is reportedly seeking to raise up to $100 million at a valuation of about $1 billion, according to Bloomberg. The valuation is well below the $4.5 billion pre-money figure from its 2022 raise of $200 million. World Liberty Financial was told about the round but will not take part. The exchange wants to win back market share and may add prediction markets. The DOJ is reportedly probing compliance with the 2023 settlement. Binance.US is reportedly seeking to raise up to $100 million in a new funding round.

Source: CoinCentral