Binance US Chases $100 Million at a Fraction of Past Valuation: Bloomberg

Binance US is seeking up to $100 million in fresh capital at a valuation of roughly $1 billion, a sharp drop from its $4.5 billion pre-money valuation in 2022. Bloomberg reports the exchange aims to rebuild its American business after regulatory trouble, shrinking market share, and banking disruptions, with expansion plans underway.