Cryptocurrency exchange Binance.US is seeking up to $100 million in private funding at a $1 billion valuation to rebuild its American presence following years of regulatory action and market share loss. Led by CEO Stephen Gregory, the exchange is pursuing state money transmitter licenses and derivatives offerings. Donald Trump-affiliated World Liberty Financial was made aware of the round but is not participating.
Proposed funding round and valuation
- ▪Binance.US is seeking to raise up to $100 million in a private funding round that would value the cryptocurrency exchange at approximately $1 billion, according to reports in October 2026
- ▪World Liberty Financial, a crypto venture co-founded by Donald Trump, was informed of the Binance.US $100 million fundraising round but is not participating in it
- ▪The proposed $1 billion valuation for Binance.US represents a sharp decline from its 2022 funding round, when the exchange raised over $200 million at a pre-money valuation of $4.5 billion
- ▪The proposed $100 million private fundraising round size, valuation, and investor participation for Binance.US remain under discussion and could change
Turnaround and product expansion plans
- ▪Binance.US CEO Stephen Gregory outlined plans in July 2026 to pursue a Commodity Futures Trading Commission license allowing Binance.US to offer event contracts, prediction markets, and derivatives
- ▪Binance.US is working to restore state money transmitter licenses across the United States to expand its customer reach
- ▪Binance.US CEO Stephen Gregory, who was appointed in March 2026, has been working to restore U.S. trading activity and expand product offerings following years of regulatory challenges tied to Binance's 2023 settlement with U.S. authorities
Impact of 2023 regulatory actions
- ▪Binance.US experienced reduced access to dollar payment services as a result of regulatory pressure following 2023 actions against global exchange Binance
- ▪Binance.US lost significant U.S. market share and suffered banking disruptions after international exchange Binance reached a multibillion-dollar settlement with U.S. regulators over financial law violations in 2023
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