Binance US seeks $100 million funding at $1 billion valuation, down from $4.5 billion in 2022
Binance US is reportedly seeking up to $100 million at a roughly $1 billion valuation, a sharp drop from its $4.5 billion valuation in 2022.
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Why it matters
The fundraising at a sharply reduced valuation reflects the ongoing impact of regulatory actions on Binance US's market position and its effort to compete with Coinbase, Kraken, Robinhood, and Gemini in the US market.
Where the sources disagree
Figures that do not reconcile
Found by comparing the numbers in the reports automatically. They are differences, not yet confirmed to be about the same thing.
size of the raise (binance)
$100 million
CoinGape
$200 million
Bitcoin.com News
CoinGape reports $100 million, Bitcoin.com News reports $200 million (50% apart).
size of the raise
$100 million
CoinGape
$200 million
Crypto.News
CoinGape reports $100 million, Crypto.News reports $200 million (50% apart).
size of the raise (valuation)
$100 million
CoinGape
$200 million
Cointelegraph
CoinGape reports $100 million, Cointelegraph reports $200 million (50% apart).
size of the raise (valuation)
$1 billion
CoinGape
$4.5 billion
Bitcoin.com News
CoinGape reports $1 billion, Bitcoin.com News reports $4.5 billion (78% apart).
size of the raise (valuation)
$1 billion
CoinGape
$4.5 billion
Crypto.News
CoinGape reports $1 billion, Crypto.News reports $4.5 billion (78% apart).
size of the raise
$1 billion
CoinGape
$2 billion
Cointelegraph
CoinGape reports $1 billion, Cointelegraph reports $2 billion (50% apart).
size of the raise
$100 Million
Bitcoin.com News
$200 million
Crypto.News
Bitcoin.com News reports $100 Million, Crypto.News reports $200 million (50% apart).
size of the raise (valuation)
$100 Million
Bitcoin.com News
$200 million
Cointelegraph
Bitcoin.com News reports $100 Million, Cointelegraph reports $200 million (50% apart).
size of the raise (valuation)
$1 billion
Bitcoin.com News
$4.5 billion
Crypto.News
Bitcoin.com News reports $1 billion, Crypto.News reports $4.5 billion (78% apart).
size of the raise
$1 billion
Bitcoin.com News
$2 billion
Cointelegraph
Bitcoin.com News reports $1 billion, Cointelegraph reports $2 billion (50% apart).
size of the raise (valuation)
$100 million
Crypto.News
$200 million
Cointelegraph
Crypto.News reports $100 million, Cointelegraph reports $200 million (50% apart).
size of the raise
$1 billion
Crypto.News
$2 billion
Cointelegraph
Crypto.News reports $1 billion, Cointelegraph reports $2 billion (50% apart).
Key facts
Binance US is seeking to raise up to $100 million at a valuation of about $1 billion
100,000,000 USDDisputed figureReported by CoinGape
The targeted valuation is approximately $1 billion
1,000,000,000 USDDisputed figureReported by CoinGape
Binance US previously raised about $200 million at a $4.5 billion pre-money valuation in 2022
200,000,000 USDDisputed figureReported by Bitcoin.com News
World Liberty Financial decided not to participate in the funding round despite being informed about it
Reported by CoinGape
Binance Holdings agreed to pay $4.3 billion in penalties as part of a 2023 settlement with US authorities
4,300,000,000 USDReported by Cointelegraph
Abu Dhabi state-backed investment firm MGX invested $2 billion in Binance
2,000,000,000 USDDisputed figureReported by CoinGape
Binance US is considering expansion into prediction markets and restoring state money transmitter licenses
Reported by CoinGape
What happened
Binance US is pursuing a private funding round of up to $100 million at a valuation near $1 billion, according to Bloomberg reporting cited by multiple outlets. The targeted valuation represents a steep decline from the $4.5 billion pre-money valuation the exchange secured in 2022 when it raised about $200 million. Trump-backed World Liberty Financial was informed of the round but decided not to participate, despite its ties to the global Binance exchange. The fundraising effort comes as Binance US attempts to rebuild its American business after years of regulatory challenges, banking disruptions, and a collapse in trading activity following Binance Holdings' 2023 settlement with US authorities that included $4.3 billion in penalties and the guilty plea of former CEO Changpeng Zhao. The exchange is also reportedly considering expansion into prediction markets, restoring state money transmitter licenses, and sourcing liquidity from outside providers including the global Binance platform.
How the story developed
- Update
Bloomberg reports Binance US seeking $100 million at $1 billion valuation
Private funding round discussions
- First report
First report by CoinGape
Binance US Eyes $100M Raise at $1B Valuation to Expand Crypto Operations
- Official statement
Official statement from Bitcoin.com News
Binance US Chases $100 Million at a Fraction of Past Valuation: Bloomberg
- Update
Binance US raises $200 million at $4.5 billion valuation
2022 funding round
- Update
Binance Holdings settles with US authorities
$4.3 billion in penalties, Changpeng Zhao pleads guilty
How coverage built up
Independent sources over time, counted the way the consensus panel counts them: a republication of a wire story does not move the line.
- 15 Oct 2026, 17:20 UTC: CoinGape — 1 independent source, 1 reports
- 15 Oct 2026, 17:40 UTC: Bitcoin.com News, official — 2 independent sources, 2 reports
- 15 Oct 2026, 18:27 UTC: Crypto.News — 3 independent sources, 3 reports
- 15 Oct 2026, 20:21 UTC: Cointelegraph — 4 independent sources, 4 reports
Affected entities
Also mentioned: U.S. Department of Justice, Kraken, United Arab Emirates, Changpeng Zhao, Robinhood, Gemini, Commodity Futures Trading Commission
Original sources
| Publisher | Report | Role | Published |
|---|---|---|---|
| Bitcoin.com News Company, official | Binance US Chases $100 Million at a Fraction of Past Valuation: Bloomberg | Independent | |
| CoinGape Crypto media | Binance US Eyes $100M Raise at $1B Valuation to Expand Crypto Operations | Original | |
| Cointelegraph Crypto media | Binance.US seeks $1B valuation in potential $100M funding round: Report | Independent | |
| Crypto.News Crypto media | Binance US reportedly seeks $100m at a valuation near $1b | Independent |
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