Binance U.S. CEO Brian Shroder believes Binance U.S. is on track for an initial public offering (IPO) within the next 2 to 3 years. To add, funding of around a “couple hundred million dollars” is to be announced in April, according to reports from Binance founder Changpeng Zhao (CZ) in November last year.
In Q4 of 2021, Binance U.S. saw higher profits compared to the entirety of Uber since its inception in 2009, said Shroder.
According to reports, Binance U.S. will have a license in every region of the United States by the end of 2022. Currently, Binance is seeking licenses in; Hawaii, New York, Texas, Idaho, and Vermont. Once these licenses are approved Binance U.S. will officially be entitled to the right to operate with the exchange of cryptocurrencies.
Fellow exchange Coinbase saw its IPO launch in April of 2021, with its market cap exceeding $100 billion after its debut, although it fell to $62 billion at the close. Since its launch, the stock is down -41.11%. Despite this fact Q2 of 2021 they had 56 million users, in Q4 of 2021 they had 89 million, according to Statista.
Can we see Binance following in the footsteps of Coinbase in the coming years?