A person familiar with the matter says Binance.US is pursuing a private funding round of up to USD 100 million to grow its American operations, aiming for a valuation of around USD 1 billion.
The exchange intends to put the capital toward strengthening its position in the US crypto market, where competition for digital-asset customers has intensified. The figures represent fundraising targets rather than a completed financing.
World Liberty Financial was informed about the Binance.US funding round, according to people familiar with the matter. A separate person familiar with the process said the venture is not participating, distinguishing its awareness of the fundraising from an investment commitment.
Binance.US funding round draws attention to investor connections
World Liberty Financial, the crypto venture co-founded by Donald Trump, already has connections to the global Binance exchange. Those ties are separate from its reported decision not to participate in the US exchange’s capital raise.
Representatives of both Binance.US and World Liberty Financial chose not to comment. The reported fundraising goal and valuation therefore remain attributed to people familiar with the process, rather than to statements from either business.
Data from crypto tracker Arkham show that the majority of World Liberty Financial’s USD1 stablecoin is held by the global Binance exchange, while an investment firm linked to UAE leadership bought a USD 2 billion stake in Binance.
Article produced with the assistance of artificial intelligence and reviewed by the editorial team.