Binance US Chases $100 Million at a Fraction of Past Valuation: Bloomberg
Binance US is reportedly seeking up to $100 million in fresh capital at a valuation of roughly $1 billion, a striking reversal from its $4.5 billion pre-money valuation in 2022. Bloomberg reports that the exchange wants to rebuild its American business after years of regulatory trouble, shrinking market share, and banking disruptions, with expansion plans […]
Key Takeaways
- Binance US is reportedly seeking up to $100 million in fresh capital at a valuation of roughly $1 billion, a striking reversal from its $4.5 billion pre-money valuation in 2022.
- Bloomberg reports that the exchange wants to rebuild its American business after years of regulatory trouble, shrinking market share, and banking disruptions, with expansion plans […]
- Read the full article for additional context and details.
Summary generated by IndiCrypto from News.Bitcoin.com. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
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