Binance Affiliate in the U.S. to Raise Funds from Reputable Investors – CEO CZ
Funding needs gaining traction in the crypto space as the asset class edges validation from regulators
Changpeng “CZ” Zhao, Chief Executive Officer of Binance during an interview with Bloomberg said, it’s American affiliate- Binance U.S. may raise couple of hundred dollar in funding.
CZ noted during the interview the funding will be closed in next couple months.
Binance U.S. in August this year said the company is seeking $100 million funding from “reputable investors”.
In recent months crypto space are seeing a high traction of fund raising with on Friday Bitcoin mining company Bitdeer engaged in an special acquisition vehicle transaction to get listed in the Nasdaq exchange.
In July, cryptocurrency miner Core Scientific Holding Co agreed to merge with a SPAC of BlackRock Inc. In the same month, crypto firm Bullish merged with another SPAC transaction valued at $9 billion.
