Changpeng Zhao, popularly known as CZ, revealed in a recent interview that Binance.US would close a big investment round by November. The funds from the round would make Binance.US gain more autonomy from the overall Binance body.
After granting it more autonomy, CZ noted that Binance.US will go public in the next three years. An activity he described as “exactly what Coinbase did.”
However, CZ noted that the three years IPO vision will only be a possibility if the business grows consistently over that span. But if it is the case that there is a lasting bear market, then it might take five or more years.
This public listing would be a major achievement of Binance as the exchange has been facing regulatory issues across several countries. Some days ago, the Monetary Authority of Singapore blacklisted the exchange.
Regarding the ongoing regulatory clampdown, CZ commented that the exchange would do everything in its power to align with the necessary laws of each country.
Not long ago, the exchange hired new CEOs to its arm in Singapore and Australia in order to further strengthen its structure and relationship with the regulators. If eventually the IPO listing is a success, experts say it would be a plus for Binance.