Binance Founder Says U.S. Crypto Exchange Targets IPO In Three Years

Binance, the world’s largest cryptocurrency exchange, has run into a stream of regulatory and legal problems. But founder and CEO Changpeng Zhao is confident that the exchange can overcome these recent setbacks—and that its affiliate in the U.S. will move toward a public listing there.

Binance.US is set to close on a large private fundraising round in the next two months that should reduce his control of the board, said Zhao, who is chair of Binance.US, in an extended Zoom interview. The U.S. exchange could have an initial public offering in the next three years, he said.

A listing for its U.S. affiliate would be a major win for Binance, which has faced investigations, warnings and bans from global regulators, often over concerns that it is involved in unregistered trading activity.