Binance US plans to raise up to $100 million: extending an olive branch to US capital http://Binance.US We are seeking up to $100 million in new financing with a target valuation of around $1 billion. In the 2022 round, over 200 million US dollars were raised, with a pre investment valuation of 4.5 billion US dollars. The current valuation target is less than a quarter of what it was back then, and the pressure that the US business has been under in recent years can be seen from this change. I prefer to see this round of financing as Binance extending an olive branch to American capital. In 2022, http://Binance.US At that time, the CEO was still talking about going public within two to three years, with a focus on how to push the company into the capital market. The pace has changed now. Bank transfers in US dollars will resume in February 2025, and recently efforts have been made to restore licenses in some states and explore new businesses, with a focus on revitalizing the US market. Rebuilding first, then discussing listing, this is the more realistic sequence at present. In terms of global Binance's business volume, $100 million is not impressive, so I am more concerned about who will invest and what kind of cooperation it can bring. To operate an exchange in the United States, trading systems and liquidity are the foundation. To expand the business, stable banking services, willing institutional clients, as well as payment and custody channels are also required. These collaborations are difficult to obtain solely by investing money on their own, and require the other party to be willing to invest resources as well. If the incoming investors already have resources related to banks, custodians, or institutional clients, then after holding the shares, http://Binance.US Whether it can be done in the United States is directly related to their own returns. At this point, introducing customers and promoting cooperation is like doing their own business for them. The better the US business recovers, the more valuable their shares will be and the more motivated they will be to help http://Binance.US Get the business done. So the significance of this $100 million lies more in allowing US capital to participate in the reconstruction of Binance's US business and share the benefits of future growth. The more shareholders who have resources and motivation to promote cooperation, the more people who hope it can do business in the United States. Once the relationship between banks, institutions, and customers is re established and the US business is firmly established, it is still possible to discuss going public. One @ Gate, trade more markets