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Binance US is on track to conduct an IPO

Binance US CEO Brian Shroder stated Monday that the company is on pace for an initial public offering (IPO) in two to three years, with a “couple of hundred million dollars” in investment to be announced in April.

Quick facts

  • Changpeng Zhao, also known as ‘CZ’, the founder and CEO of Binance, initially discussed the fundraiser in November last year.
  • Binance US earned more earnings in Q4 2021 than Uber has since its beginning, Shroder added.
  • Binance US is neither a subsidiary of or affiliated with Binance, the world’s largest cryptocurrency exchange by trading volume.
  • By the end of 2022, Binance US will be licensed in all of the country’s jurisdictions – it is now seeking licences in New York, Texas, Idaho, Hawaii, and Vermont.
  • The Securities and Exchange Commission initiated an investigation into Binance US’s relationship with two trading firms with ties to CZ in February.

Disclaimer: These are the writer’s opinions and should not be considered investment advice. Readers should do their own research.

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