Binance.US Valuation Plunges From $4.5B to $1B: What the New Funding Round Means

Binance.US is reportedly seeking to raise up to $100 million at a valuation of about $1 billion, according to Bloomberg. This is well below the $4.5 billion pre-money figure from its 2022 raise of $200 million. World Liberty Financial was informed of the round but will not participate.