The US arm of the Binance cryptocurrency exchange could go public in three years, Binance CEO Changpeng Zhao has announced. He said his exchange “will just do what Coinbase did”. Coinbase Global went directly to the Nasdaq via a direct listing.
Binance plans to go public in the US within 3 years
Binance founder and CEO Changpeng Zhao said in an interview with The Information Wednesday that the U.S. arm of his company could have an initial public offering (IPO) in the next three years. He described:
Binance.us will just do what Coinbase did.
The Coinbase cryptocurrency exchange went direct on the Nasdaq in April. The exchange recently said it wanted to be the “Amazon” of cryptocurrencies and list all legal cryptocurrencies.
Binance.us will also complete a large round of private fundraising in the next two months, Zhao told the publication, adding that his company had a profit of $ 800 million to $ 1 billion over the past year.
Binance has recently received extensive scrutiny from regulators around the world, including Malaysia, Japan, the United Kingdom, the Netherlands, the Cayman Islands, Hong Kong, Thailand, Germany and Lithuania. The company recently met June requirements from the UK’s Financial Conduct Authority (FCA).
In an effort to become a financial services company, Binance imposed mandatory Know-Your-Customer (KYC) requirements for all users in August. Former Acting Auditor of the Currency Brian Brooks recently left Binance as CEO of Binance US
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