Binance CEO Indicates Major Funding Campaign Coming to Binance.US

Binance US could have its funding round within a few months, and it could just be the start of fundraising efforts from the wider Binance group.

Robert D. Knight
November 21, 2021
Blockchain News

Crypto Giant to Raise Cash

Binance CEO Changpeng Zhao (CZ) has confirmed that Binance.US is gearing up for a fundraising round, and it could just be the first among many. The confirmation came during an interview on Bloomberg TV earlier this week, in which the Binance chief covered a number of topics including regulation.

While regulations and rights have been a recent feature of Binance discussions, fundraising has also been a major point of interest. 

“I think the first one that will complete fundraising is probably Binance.US - they run relatively independently, although I am the Chairman of the board so I still know the information,” said CZ. “I think they will complete a [fundraising] round within a month or two. So that’s the first one. If that one goes well, and we think it will, then we will repeat that exercise in different parts of the world.”

It has been long suspected that Binance would complete a fundraising round soon, but it now appears that multiple fundraising events are likely in the near future. It is also highly likely that the fundraising events could be in several different regions around the world. 

CZ appeared on Bloomberg TV (source)

When asked about the locations of the new Binance headquarters CZ said, “We’re looking at 3-5 cities to begin with.”

Further details of the Binance fundraiser and Binance regional headquarters are expected in the weeks to come.

Robert D. Knight

Robert D. Knight is an experienced journalist and copywriter who has been working in crypto for 4+ years. His bags are heavy in ETH and BTC, plus he also hodls some smaller cryptocurrency.

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