[Binance US Plans to Raise $100 Million, Target Valuation Around $1 Billion, Down Approximately 78% Compared to 2022 Valuation] Odaily Planet Daily News: U.S.-based cryptocurrency exchange Binance US is seeking to raise up to $100 million in funding, with a target valuation of approximately $1 billion. This valuation represents a roughly 78% decrease compared to its $4.5 billion valuation during its previous funding round in 2022. Binance US raised over $200 million in 2022, with investors including Foundation Capital, RRE Ventures, Circle Ventures, and VanEck. The platform is working to rebuild market share by lowering fees, launching new products, and expanding its U.S. business coverage. Binance US plans to expand operations to all 50 states and apply for derivative brand licenses to explore perpetual futures, prediction markets, and other financial services. The platform resumed USD deposits and withdrawals via ACH transfers in February 2025, and CEO Stephen Gregory took office in March 2026. (Bitcoin.com News)