Binance US to Close Pre-IPO Funding in 1-2 Months

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Binance US will be closing a pre-IPO funding round in the next one to two months, the founder and CEO of the exchange’s parent company, Changpeng “CZ” Zhao, said at the Bloomberg New Economy Forum in Singapore on Nov. 19.

  • An earlier effort to raise funding was thwarted by investor concerns over its independence from Binance US’s parent company, the New York Times that will come out” and the funding round itself will “close in about a month or two.” The exchange is raising “a couple hundred million” in the round, CZ said, although he said he was not clear on the exact number.
  • An earlier effort to raise funding was thwarted by investor concerns over its independence from Binance U.S.’s parent company, the New York Times reported.

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