Cryptos

Crypto Exchange Binance announces plans for a US IPO in three years – bitcoin news

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Binance US Arm Cryptocurrency Exchange Changpeng Zhao, Binance CEO said that his exchange could go public in three to four years. He said that his exchange will “just do what Coinbase did.” Coinbase Global was listed on the Nasdaq through a direct listing.

Binance plans to become public in the United States in 3 years

Changpeng Zhao, Binance founder, and CEO, said Wednesday in an interview with The Information that his U.S. subsidiary may launch an initial public offer (IPO) within three years. He described:

Binance.us is going to do exactly what Coinbase did.

In April, Coinbase’s cryptocurrency exchange went public via a direct listing on the Nasdaq. Recently, the exchange stated that it wants to be the ‘Amazon of crypto’ and list all legal cryptocurrencies.

Binance.us will also be closing a large private fundraiser in the next two month, Zhao stated to the publication. Zhao explained that his company earned between $ 800 million and $ 1 trillion in profits last year.

Binance was recently closely monitored by regulators from around the world, including those from Japan, Germany, Lithuania and the UK. The June requirements of the UK’s Financial Conduct Authority, (FCA) were met by Binance.

Binance established mandatory Know Your Customer requirements in August to make it a financial services company. Binance US CEO Brian Brooks, an ex-interim currency controller, has also recently resigned.

What do YOU think of Binance’s US IPO? Comment below.

Credits for the image: Shutterstock. Pixabay. Wiki Commons




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