Fun

Crypto Exchange Binance Plans US IPO in 3 Years, CEO Says

News Feed - 2021-09-03 12:09:35

Crypto Exchange Binance Plans US IPO in 3 Years, CEO Says


Cryptocurrency exchange Binance’s U.S. armcould be going public in three years, Binance CEO Changpeng Zhao has revealed. He said that his exchange “is just going to do what Coinbase did.” Coinbase Global went public on Nasdaq via direct listing. Binance Plans to IPO in the US Within 3 Years


Binance’s founder and CEO, Changpeng Zhao, said in an interview with The Information Wednesday that his company’s U.S. arm could have an initial public offering (IPO) in the next three years. He described: Binance.us is just going to do what Coinbase did.


Cryptocurrency exchange Coinbase went public on Nasdaq in April via a direct listing. The exchange recently said that it wants to be the “Amazon” of crypto and list all legal cryptocurrencies.


Binance.us is also set to close on a large private fundraising round in the next two months, Zhao told the publication, adding that his company generated $800 million to $1 billion in profit last year.


Binance has recently been heavily scrutinized by regulators worldwide, including those in Malaysia, Japan, the U.K., the Netherlands, Cayman Islands, Hong Kong, Thailand, Germany, and Lithuania. The company recently complied with the June requirements imposed by the U.K.’s Financial Conduct Authority (FCA).


In an effort to become a financial services company, Binance imposedmandatory know-your-customer (KYC) requirements for all users in August. Former acting Comptroller of the Currency, Brian Brooks, also recently left Binance as the CEO of Binance U.S.


What do you think about Binance going public in the U.S.? Let us know in the comments section below. Digital Currency Firm FTX Acquires Crypto Derivatives Platform Ledgerx EXCHANGES | 2 days ago Binance Discontinues Support for Norwegian Krone Pairs, Payments and Language EXCHANGES | 6 days ago Tags in this story Binance, binance coinbase, Binance IPO, binance ipo us, binance listed nasdaq


Image Credits: Shutterstock, Pixabay, Wiki Commons Show comments

News Feed

Why is the BNB price up today?
Yashu Gola6 hours agoWhy is the BNB price up today?BNB’s price has reached its highest point since November 2022, with an underperforming Bitcoin and a gaming platform launch on Binance Launchpool serving as primary ca
XRP price-to-sales ratio double that of Nvidia
Zoltan Vardai12 hours agoXRP price-to-sales ratio double that of NvidiaThe price-to-sales ratio is used to assess the potential of an investment, with lower ratios signaling more attractive opportunities.8787 Total views
Elon Musk Sells Tesla Shares Worth Nearly $7 Billion — Plans to Buy TSLA Stock Back if Twitter Deal Falls Through
Elon Musk Sells Tesla Shares Worth Nearly $7 Billion — Plans to Buy TSLA Stock Back if Twitter Deal Falls Through Elon Musk has sold nearly 8 million Tesla shares worth almost $7
Linux on Bitcoin? Open-source framework BitVMX envisions BTC-powered programs
Gareth Jenkinson11 hours agoLinux on Bitcoin? Open-source framework BitVMX envisions BTC-powered programsA new Bitcoin computational framework aims to power various applications and functions using native BTC, including
Greenidge Joins Foundry USA, Deal Gives Bitcoin’s Fifth-Largest Pool 800 Petahash
Greenidge Joins Foundry USA, Deal Gives Bitcoin"s Fifth-Largest Pool 800 Petahash Greenidge Generation Holdings Inc., the mining firm based in Upstate New York,
Trader fumbles $1M bag after selling a Solana memecoin early
Ezra Reguerra12 hours agoTrader fumbles $1M bag after selling a Solana memecoin earlyCrypto community members" opinions were split, with one saying “profit is profit” and another saying that the trader “fumbled”
SEC issues Wells notice to DeFi protocol Uniswap
Ana Paula Pereira4 hours agoSEC issues Wells notice to DeFi protocol UniswapThe U.S. SEC issued a Wells notice to the decentralized exchange Uniswap on April 10, the team confirmed on social media.3467 Total views6 Total
Kyle White5 hours agoBitcoin price holds $28K range as institutional investor maneuvering boosts sentimentComments from institutional investors and amendments to the spot Bitcoin ETF applications could be behind the rece
Report: 55% of US Investors Show Interest in Bitcoin Investment, Covid-19 Catalyst to Changing Preferences
Report: 55% of US Investors Show Interest in Bitcoin Investment, Covid-19 Catalyst to Changing Preferences A recent survey study reveals that more than half of U
Crypto Expert Arthur Hayes Reveals Why Bitcoin Price Will Touch $110,000 Before $76,500
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Darknet Market Solaris Hacked by Competitor, Elliptic Reveals
Darknet Market Solaris Hacked by Competitor, Elliptic Reveals A leading marketplace on the dark web, Solaris, has been hit by a rival, according to crypto analytics company Ellipti
Biggest Movers: XRP Rises 7%, While LUNA Falls by the Same Amount
Biggest Movers: XRP Rises 7%, While LUNA Falls by the Same Amount Although cryptocurrency markets started the weekend lower, XRP was able to avoid the red wave, rising by as much a