(Reuters) Binance CEO Changpeng Zhao says its US affiliate firm can go public following Coinbase’s route as he remains hopeful the unit may raise a “couple hundred million” dollars in a funding round.
The Binance CEO does not rule out taking the parent company public in the future.
Zhao says more financing is needed before filing an IPO, with the latest funding round expected to close in about one month or two.
He says since Binance is already profitable, the exchange could charge lower fees in the future.
Zhao also hinted that Binance has decided on its headquarters, but it is addressing the regulators’ hurdle first.
The CEO comments come when Binance is facing scrutiny from regulators, with some banning the platform from their countries. Zhao says he is working with countries to address the regulation issue.
Binance ranks as the world’s largest crypto exchange, with its trading volumes having soared on boom in digital assets and increasing mainstream acceptance.
BNBUSD is up +6.65%.
