Binance.US seeks up to $100 million at $1 billion valuation

Binance.US is seeking up to $100 million in private funding at a proposed valuation of about $1 billion, according to reporting based on people familiar with the discussions. The round remains under discussion, and its size, valuation and investor participation could change. The reported target is substantially below Binance.US’s 2022 pre-money valuation of $4.5 billion, when the company raised about $200 million. The proposed $1 billion valuation is roughly 78% lower than that earlier figure, comparing the two reported valuations. World Liberty Financial was informed about the proposed financing but will not participate, according to the reporting. The crypto venture, co-founded by President Donald Trump and his sons, is separate from Binance.US. Its reported decision not to invest comes despite business links between World Liberty and Binance’s international exchange, including the use of World Liberty’s USD1 stablecoin in a 2025 investment in Binance by Abu Dhabi investment firm MGX. The fundraising is intended to support Binance.US’s efforts to expand its U.S. business and regain market share after regulatory setbacks. Binance.US operates separately from the global Binance...