Former Binance employees estimate the company's value at $ 300 billion

Even without a headquarters, Binance's IPO price could be three times that of Coinbase.

According to the Wall Street Journal on November 11,Former executives at a major cryptocurrency exchange believe that as a publicly traded company, Binance's valuation could reach $300 billion given its current trading volume and transaction fees.

Data from CoinMarketCap shows that Binance's trading volume exceeded $46 billion in the last 24 hours, making it the leader among other crypto exchanges, ahead of Coinbase with $9.5 billion.

If Binance goes public, it is unclear whenthe country will undergo an initial public offering. The exchange has no official headquarters, its holding company is registered in the Cayman Islands, CEO Changpeng Zhao (CZ) lives in Singapore, and the platform's employees are scattered around the world.

In September, CZ said that the Americanthe exchange's division is aiming for an initial public offering in 2024, with an estimate of $ 800 to $ 1 billion in 2020. Kraken, which is also considering an IPO in the United States by the end of next year, is valued at $ 10 billion.

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