(Reuters) - Global cryptocurrency exchange Binance's founder and chief executive officer Changpeng Zhao said that its U.S. arm could have an initial public offering in the next three years, The Information reported bit.ly/3jBIOAT on Wednesday.
“Binance.US is just going to do what Coinbase did,” Zhao said, according to the report.
Binance.US is also set to close on a large private fundraising round in the next two months that should reduce his control of the board, Zhao said in an Zoom interview with The Information.
Binance generated $800 million to $1 billion in profit last year, according to Zhao, the report added.
Last month, Brian Brooks, chief executive of the U.S. arm of the cryptocurrency exchange resigned just three months after taking up the role.
The exchange has come under pressure from regulators across the world due to concerns over the use of crypto in money laundering and risks to consumers.
Reporting by Sabahatjahan Contractor in Bengaluru. Editing by Gerry Doyle
"exchange" - Google News
September 02, 2021 at 08:49AM
https://ift.tt/3By0pQn
Binance founder Changpeng Zhao says its U.S. crypto exchange arm targets IPO in three years - The Information - Reuters
"exchange" - Google News
https://ift.tt/3c55nbe
https://ift.tt/3b2gZKy
Exchange
Bagikan Berita Ini
0 Response to "Binance founder Changpeng Zhao says its U.S. crypto exchange arm targets IPO in three years - The Information - Reuters"
Post a Comment