US company Binance aims for public listing within three years
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Answer US company Binance aims for public listing within three years
While global cryptocurrency exchange Binance recently came under regulatory scrutiny, that hasn’t stopped the company from taking bold steps in the future.
Changpeng Zhao, founder and CEO of Binance, recently stated that US Binance could go public in the next three years.
this was Source This news was first published on Wednesday, September 1st.
The CEO of Binance is absolutely confident that Binance will get through all the current regulatory hurdles.
Zhao also revealed that US Binance is ready to close large private financing in just the next two months.
This move will reduce the CEO’s control over the board.
Read:“Axie Infinity” outperforms “SAND” in daily sales…Details here
In 2020, Binance made a profit of between $800 million and $1 billion.
Zhao stated:
US Binance will do what Coinbase did.
The latest announcement comes just weeks after former Binance CEO Brian Brooks left the company, just three months after joining.
Brooks cited disagreements over strategic direction as the reason for his resignation.
Riding the underwriting wave:
With Coinbase’s initial public offering earlier this year, other crypto companies have gained confidence to make their way onto Wall Street as well.
A number of cryptocurrency exchanges have recently shown interest in going public in the super-hot IPO market.
Over the next 2-3 years, a number of cryptocurrency exchanges such as Circle, Kraken, Blockchain.com and Lebanon are looking for a public listing on Wall Street.
Amid all the regulatory backlash, Binance has consistently managed to keep the momentum around.
Binance is keen to expand its presence in the crypto-friendly nation of Singapore.
A recent report indicated that Binance is looking to increase investment and protection through government funds at valuations of up to $200 billion.
Read:Binance Asia acquires 18% of the shares in the Singapore Stock Exchange “HGX”
It is worth noting that so far, the American company Binance has not issued any official word so far.
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