According to the CEO and founder of Binance, Binance US, a U.S.-based cryptocurrency exchange, Binance’s subsidiary, aims to conduct an initial public offering (IPO) in 2024. Changpeng Zhao.
BinanceUS plans to complete a large-scale private financing round in the next two months, which will make the company more independent of global exchanges. Said In an interview with the technical publication The Information on September 1.
Zhao is confident that global cryptocurrency exchanges will survive the ongoing regulatory crackdowns by global regulators, and Binance USA will move towards a public listing within three years. “Binance.US will only do what Coinbase does,” Zhao statementHe said that Binance generated between US$800 million and US$1 billion in profits last year.
As the news broke, more and more global regulators expressed concerns about Binance’s operations. The Monetary Authority of Singapore (MAS) Add to The Binance website accessed its investor alert list on September 1. The list provides records of unsupervised persons who “may be mistakenly believed to have been licensed or regulated by MAS”.
According to local reportBinance Asia Services (BAS) is a subsidiary of Binance in Singapore. It operates as an independent entity. It does not provide any services through Binance’s website, but runs a different platform, Binance.sg. In June, the MAS said it is planning Review BAS’s license application in accordance with the “Payment Services Act”. Binance previously applied to operate in Singapore According to the Act of February 2020.
MAS did not immediately respond to Cointelegraph’s request for comment.
As previously reported, Binance has been Global regulators strengthen scrutiny In recent months, authorities in the United Kingdom, the United States, Canada, Japan, Italy, Thailand and other countries have issued warnings.Transaction ownership Emphasize its commitment to cooperation With regulatory agencies many times.