September 19, 2021

Binance.US will hold an IPO in the next three years

Binance.US will hold an IPO in the next three years

Binance CEO Changpeng Zhao said the exchange is considering an initial public offering (IPO) of its business in the United States in the next three years.

Binance.US will do what Coinbase does

Zhao stated that since the company seeksbecome a regulated financial institution, he is ready to step down as CEO. While he has no plans to give up this role right away, he revealed that Binance has already developed a succession plan.

The world's largest cryptocurrency exchange has come under pressure from global regulators in recent months over suspicions of using cryptocurrencies for money laundering and lack of licenses.

After a series of warnings, Zhao said he intends to work with global regulators and “fully comply with their requirements” to protect his users and business.

At a press conference in July, the CEO noted:

We need to become a licensed financial institution wherever we work.

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