As Binance‘s chief executive officer Changpeng Zhao said, the exchange’s U.S. branch intends to go public in three years.
Zhao remarked in a Zoom meeting that Binance was a good investment.
U.S. would just go public, as Coinbase had done.
According to him, a major private financing round would soon be completed for Binance.US, which he described as “exciting.” In the following two months, Zhao’s stake in Binance.US is likely to be reduced as a result of the fundraising.
As a result, regulators throughout the world have been closely monitoring Binance. Cryptocurrencies and different trading platforms are strictly regulated in several countries like as Brazil, South Korea, Hong Kong and the United Kingdom.
Nevertheless, Binance. U.S. is a separate legal entity, and as a result, it is not subject to any governmental inspection.
As a result, Binance has taken a number of precautions to ensure that it adheres to local legislation. There is also “intermediate verification” on the platform, which is run by a former treasury inspector.