It has been revealed that U.S. cryptocurrency exchange Binance US (Binance.US) is aiming to raise up to $100 million. Bloomberg reported on the 15th (U.S. time), citing sources familiar with the matter. Amidst intensifying competition for digital asset customers, the funds raised will be allocated to strengthening its U.S. operations.
The fundraising will be conducted through a private funding round, targeting a valuation of approximately $1 billion. The company raised over $200 million in 2022, with a valuation at that time of...