Binance.US Seeks Up to $100 Million at $1 Billion Valuation in Comeback Push

October 15, 2026 · Source: COINOTAG

Binance.US is seeking to raise as much as $100 million in a private funding round at a target valuation of roughly $1 billion, according to a person familiar with the confidential discussions. The Miami-headquartered exchange has not publicly confirmed the effort.

If completed at its target size, the round would mark the company's first disclosed outside fundraising since April 2021, when it announced a $65 million seed round backed by investors including Value Alliance Capital and CMT Digital. No outside valuation for the company has been made public in the years since, so a completed round at target would offer the first recent data on its private-market worth. The timing is also notable: the raise would be the company's first since the enforcement arc recounted below, which ran from the 2023 CFTC and SEC lawsuits through the November 2023 settlement by Binance's global entities and the May 2025 dismissal of the SEC case. It comes as Binance.US works to rebuild its banking relationships, staffing, and market position following a period of regulatory and operational setbacks.

About Binance.US

Founded in 2019, Binance.US operates as a US-facing digital asset exchange run separately from Binance.com, the global platform established by Changpeng Zhao in 2017. The US platform, which is operated by BAM Trading Services, offers spot trading and related services to customers in the United States. That corporate separation is useful context for the company's legal history: the SEC's 2023 civil suit named the US operators BAM Trading Services and BAM Management US Holdings directly, while the $4.3 billion settlement later that year was reached by Binance's global entities.

Regulatory Pressure and Operational Disruption

The exchange came under intense regulatory scrutiny in 2023. In March of that year, the Commodity Futures Trading Commission sued Binance, its affiliated US entities, and Zhao, alleging violations of US derivatives rules. In June 2023, the Securities and Exchange Commission filed a civil suit against Binance, its US operators BAM Trading Services and BAM Management US Holdings, and Zhao, bringing 13 charges that included allegations that unregistered securities were offered to American customers.

The litigation coincided with operational strain at Binance.US. After losing banking partners, the exchange suspended US dollar deposits and withdrawals in June 2023 and shifted toward a crypto-only operating model. In September 2023, it cut roughly one-third of its workforce.

Legal Resolutions and Rebuilding

In November 2023, Binance's global entities agreed to pay $4.3 billion to settle charges with the Justice Department and other US authorities, and Zhao pleaded guilty to an anti-money-laundering violation and stepped down as chief executive. He was subsequently sentenced to four months in prison in 2024. The SEC's civil case against Binance and its US entities was dismissed in May 2025.

Binance.US has since announced the restoration of dollar deposit and withdrawal services, returning a core service that had been suspended in June 2023 when the exchange lost its banking partners and moved to a crypto-only model. A completed funding round at a $1 billion valuation would supply fresh capital for that comeback effort, though the company has yet to confirm any deal. Remaining open questions include the identities of prospective investors and the round's final size and terms, none of which have been disclosed — meaning any confirmation would have to come from Binance.US itself.

This content was first published on COINOTAG: https://en.coinotag.com/binance-us-seeks-100-million-1b-valuation