Binance US may raise ‘couple hundred million’ in funding, CEO says By Reuters – Investing.com

Binance US may raise ‘couple hundred million’ in funding, CEO says By Reuters – Investing.com

By Nikhil Nainan

(Reuters) - Binance's U.S. unit may raise a "couple hundred million" dollars in a funding round set to close in a month or two and the global cryptocurrency exchange has also decided on a new headquarters, its chief executive Changpeng Zhao said on Friday.

Speaking at the Bloomberg New Economy Forum in Singapore, Zhao said the firm's U.S. affiliate has the option to go for an initial public offering (IPO) using rival Coinbase (NASDAQ:) as an example, and that he was not ruling out listing the parent company in future.