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Binance US to Close Pre-IPO Funding in 1-2 Months
The exchange is raising “a couple hundred million,” said the parent company’s chairman, Changpeng Zhao.
Oleh Eliza Gkritsi
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Binance US will be closing a pre-IPO funding round in the next one to two months, the founder and CEO of the exchange’s parent company, Changpeng “CZ” Zhao, said at the Bloomberg New Economy Forum in Singapore on Nov. 19.
- An earlier effort to raise funding was thwarted by investor concerns over its independence from Binance US’s parent company, the New York Times reported. Zhao said the new funding round will “close in about a month or two.” The exchange is raising “a couple hundred million” in the round, Zhao said, although he said he was not clear on the exact number.
- An earlier effort to raise funding was thwarted by investor concerns over its independence from Binance U.S.’s parent company, the New York Times reported.
- Binance, the global crypto exchange Zhao started in 2017, has also set up an entity for its global headquarters and is currently communicating with regulators around the world, the CEO said. He named France, the UAE, and Singapore as crypto-friendly jurisdictions, but did not say where the actual headquarters was.
- Zhao did not rule out an IPO for the Binance global entity, but said it is a much larger company and it would have to look into where it could become a publicly traded firm.
- “To be honest, in five, 10 years, we might see crypto exchanges merge with stock exchanges,” which means that Binance.com could list on a crypto exchange.
- At the forum in Singapore, Zhao said that the only connection between Binance and Binance US is that he sits on Binance US’s board. He claimed he is not involved in the U.S. exchange’s day-to-day operations and doesn’t have the American unit’s Slack, which the company uses for internal communications, installed on his phone.
- He said he has a call with the company’s CEO about once a week, he said. Binance.com provides the product and technology for Binance US, he said.
- The exchange is considering lowering fees for users, Zhao said at the event, adding that he believes in maximizing shareholder value in the long term.
Read more: Binance.US Could Go Public in 3 Years, CEO Zhao Says: Report
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UPDATE (Nov. 19, 2021, 15:15 UTC): Clarifies verbiage.
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KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
Yang perlu diketahui:
- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
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Stablecoins moved $35 trillion last year but only 1% of it was for 'real world' payments
While stablecoins settled around $35 trillion last year, only around 1% of that represented genuine payments like remittances and payroll, a new report found.
Yang perlu diketahui:
- Stablecoins processed more than $35 trillion in transactions last year, but only about 1% of that reflected real-world payments, a report by McKinsey and Artemis Analytics found.
- The study estimated that roughly $390 billion in genuine stablecoin payments, such as vendor payments, payrolls, remittances and capital markets settlements.
- Despite rapid growth and increasing interest from traditional payment firms like Visa and Stripe, true stablecoin payments still account for just a tiny fraction of the more than $2 quadrillion global payments market, the report said.
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