December 4, 2021

The Wall Street Journal named the estimated value of Binance

Binance is working to obtain local licenses in multiple jurisdictions. About this the head of the crypto exchange Changpeng Zhao stated in an interview with The Wall Street Journal (WSJ). In which countries the exchange can deploy offices, officially remains unclear.

In an interview with Les Echos, for example, Zhao noted thatthe exchange views France as the site for its headquarters. At the same time, earlier the head of Binance claimed in an interview with Reuters that the crypto exchange could open a headquarters in Ireland.

As the WSJ found out with a link to immigrants fromBinance, a crypto-exchange with 3,000 employees worldwide, and the valuation of the company, if it goes public, could be $ 300 billion.At the same time, Zhao will benefit the most from the placement, since, in his own words, he is the largest shareholder of Binance. However, the size of the share of the head of the crypto exchange remains unknown.

In March, Zhao announced that Binance had no plans toIPO. This is due to the fact that the exchange is financially stable and does not need to attract funds. However, in September this year, The Information found out that Binance.US could go public in the next three years. The exact timing remains unknown, since the American version of the crypto exchange systematically suffers personnel losses.

For example, in April of this year, Binance.US CEO Catherine Coley has left. The reasons for the departure of the top manager were not disclosed. After leaving Binance.US, Kohli cut off her Twitter connection, prompting online investigations.

Then Kolya was replaced by a leaderOffice of the Comptroller of the United States Currency Brian Brooks. However, he also did not last long on Binance.US and left the exchange after a couple of months - in August of this year. According to Brooks, he decided to leave the exchange due to "a strategic development disagreement."

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