Binance Exchange is conducting preliminary negotiations with several state investment funds regarding the attraction of capital in its global education. This was stated by the CEO of Binance Changpeng Zhao, refusing to name specific funds.
Financing will be raised separately from the investment fund of the American division of Binance.US, which expects to raise "a couple of hundred million" on the eve of the initial public offering (IPO) of its securities. Investments in Binance.com They will help the company strengthen relations with global regulators, Zhao said.
"But because of this, we may also be tied to certain countries, so we remain somewhat cautious—" he added. - The contributions will be rather big. It's not a quick process."
Also today, the Irish Independent reported on the registration of the fourth Binance legal entity in Ireland. Currently, the company is trying to settle in one of the jurisdictions, after regulators began to make claims against it because of the "decentralized" management structure. Reuters previously wrote that the company may opt for Dublin.
Zhao himself subsequently announced that Binance intends to open a regional headquarters in France. In addition, it is known that last month a crypto billionaire purchased his first home in Dubai, while appreciating local regulation. At the same time, he said that he had already decided on the location of the Binance head office and would open it after coordination with regulators. In an earlier interview, Zhao said that he does not have a house or a car because he considers such assets "illiquid."
"I want to show that we are committed to this place, so I bought an apartment here. Now I'm not saying exactly where we will have our head office. But, for example, if you look at the UAE, if you look at France and Singapore, these regions are very supportive of cryptocurrencies," he added.