Binance.US is reportedly seeking to raise up to $100 million in a funding round that could value the cryptocurrency exchange at $1 billion, down from the $4.5 billion valuation achieved in its previous fundraising in 2022. The company informed World Liberty Financial, the crypto platform co-founded by Donald Trump and his sons, about the funding round, but they will not be participating. This fundraising is part of Binance.US’ efforts to regain market share against larger rivals following a 2023 settlement between Binance Holdings and US authorities. Under that agreement, Binance Holdings agreed to pay $4.3 billion in penalties, while its former CEO Changpeng Zhao pleaded guilty to a criminal charge and served four months in prison before being pardoned by Trump in 2025.
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