Binance may go public in the US, according to its CEO

Syed AhadWeb Editor

23rd Jul, 2021. 08:27 pm

Binance CEO Changpeng Zhao claimed Binance U.S. was “looking at the IPO route” at an online event on Friday.

Soon, Binance U.S. may list shares on a U.S. exchange through an initial public offering.

Despite the exchange’s ongoing regulatory issues, Changpeng “CZ” Zhao, indicated that an IPO for its US-based division is in the process.

Zhao revealed the intentions while speaking at Siam Commercial Bank of Thailand’s online event REDeFiNE Tomorrow.

Zhao said the company was working with US regulators and instituting “structures” to make the IPO aspirations a reality.

“Binance U.S. is looking at the IPO route. Most regulators are familiar with a certain pattern or having headquarters, having corporate structure. But we are setting up those structures to make it easier for an IPO to happen” he said.

It’s important to understand that it is not the same as Binance, the world’s largest cryptocurrency exchange. Because Binance U.S. operates within the confines of the United States’ regulatory environment, it offers a different set of trading pairs and a lesser trading volume than its global version.

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