Binance.US is seeking to raise as much as $100 million in new funding, targeting a valuation around $1 billion, according to multiple reports. The planned capital raise is intended to help the exchange expand its business in the United States.
The outlets frame the effort as part of Binance.US’s push to strengthen its position amid intensifying competition among larger U.S.-based crypto exchanges. Quartz and Bloomberg both link the fundraising to the exchange’s goal of “regaining ground” or “beefing up” its U.S. presence as rivals compete for digital-asset customers. Investing.com similarly reports that the firm is pursuing $100 million at a $1 billion valuation.
While details on investors or timing are not included in the excerpts provided, the overall picture across sources is consistent: Binance.US is raising funds to support growth and competitiveness in the U.S. market, with the valuation target centered on roughly $1 billion.
