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Binance US may raise 'couple hundred million' in funding, says CEO

According to UK researcher CryptoCompare, Binance's spot cryptocurrency trading volumes totalled $789 bn in Sept and $454 bn in July

Changpeng 'CZ' Zhao
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Binance Chief Executive Officer Changpeng 'CZ' Zhao (Photo Bloomberg)

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 as an example, and that he was not ruling out listing the parent company in future.
"I think it's a couple hundred million dollars," Zhao, who is also known as

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