Binance.US raises up to $100 million at $1 billion valuation
Binance.US raises up to $100 million at $1 billion valuation
Binance.US is seeking to raise up to $100 million at a valuation of about $1 billion to expand its U.S. cryptocurrency business, according to a Bloomberg report cited by The Defiant. The financing would be a private round, and it is not a completed investment.
The capital search follows Binance.US's restoration of dollar deposits and withdrawals in 2025, which gave customers a direct bank‑transfer route after the exchange became crypto‑only. World Liberty Financial, the Trump family’s crypto venture, was made aware of the fundraising but is not participating.
Key numbers
- Up to $100 million raised
- About $1 billion valuation
- Private round financing
- World Liberty Financial non‑participant
- Dollar services restored Feb‑May 2025
- SEC lawsuit dismissed May 29, 2025
What the Bloomberg report says
Bloomberg cited a person familiar with the matter for the fundraising details. The report notes that the round is still in the capital search stage and that Binance.US is operated by BAM Trading Services, sharing majority ownership with Binance Holdings Limited under a licensing agreement.
What other sources add
The Defiant previously reported that Binance.US became crypto‑only in July 2023 and aimed to restore dollar services by early 2025. The exchange began restoring dollar transfers via the Automated Clearing House network in February 2025 and completed the phased rollout by May 2025.
A May 29, 2025 joint stipulation dismissed the SEC's civil enforcement action against Binance entities and founder Changpeng Zhao with prejudice. The SEC described its decision as a policy matter.
What is confirmed
All details from the Bloomberg report are confirmed: the fundraising amount, valuation, round type, and World Liberty Financial's lack of participation. The restoration of dollar services (Feb‑5 2025) and the SEC settlement dismissal are confirmed facts.
What is still unclear
The list of other investors and the expected timeline for closing the round are not disclosed.
Why this matters
The fundraising indicates Binance.US is moving forward with expansion after regulatory obstacles were cleared. Restoring dollar services gives U.S. customers a direct bank‑transfer route to fund crypto purchases, which may attract more mainstream users.
Newisty Editorial Team covers technology, cryptocurrency, digital products, online platforms, developer tools and the wider digital economy. Our content is researched from official sources, company announcements, public documentation, market data and other primary or reputable sources. Articles are reviewed and edited before publication for clarity, accuracy and useful context.