Is Binance a US exchange?

Clients there are instead directed to a separate U.S.-based exchange called Binance.US, which also is controlled by Zhao, regulatory filings show. Binance.US registered with the Treasury in 2019; the main exchange never did so.

Will Binance get a public offering?

REUTERS/Darrin Zammit Lupi Acquire Licensing Rights Sept 1 (Reuters) - Global cryptocurrency exchange Binance's founder and chief executive officer Changpeng Zhao said that its U.S. arm could have an initial public offering in the next three years, The Information reported on Wednesday.

Did Binance violate US regulations?

The US Securities and Exchange Commission has filed a total of 13 charges against Binance in US federal court. The core of the SEC’s complaint against Binance and CEO Changpeng Zhao is that the company knowingly skirted US regulations and deceived US investors and regulators about how it was operating its exchange.

How much money does Binance make a year?

Binance.US is also set to close on a large private fundraising round in the next two months that should reduce his control of the board, Zhao said in an Zoom interview with The Information. Binance generated $800 million to $1 billion in profit last year, according to Zhao, the report added.