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.<\/p>\n\n\n\n
Fellow exchange Coinbase saw its IPO launch<\/a> 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<\/a>.<\/p>\n\n\n\n Can we see Binance following in the footsteps of Coinbase in the coming years?<\/p>\n","post_title":"Binance U.S. On Route For An IPO","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"binance-u-s-on-route-for-an-ipo","to_ping":"","pinged":"","post_modified":"2022-05-28 18:10:45","post_modified_gmt":"2022-05-28 08:10:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4157","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
In Q4 of 2021, Binance U.S. saw higher profits compared to the entirety of Uber since its inception in 2009, said Shroder.<\/p>\n\n\n\n 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.<\/p>\n\n\n\n Fellow exchange Coinbase saw its IPO launch<\/a> 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<\/a>.<\/p>\n\n\n\n Can we see Binance following in the footsteps of Coinbase in the coming years?<\/p>\n","post_title":"Binance U.S. On Route For An IPO","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"binance-u-s-on-route-for-an-ipo","to_ping":"","pinged":"","post_modified":"2022-05-28 18:10:45","post_modified_gmt":"2022-05-28 08:10:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4157","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
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.<\/p>\n\n\n\n In Q4 of 2021, Binance U.S. saw higher profits compared to the entirety of Uber since its inception in 2009, said Shroder.<\/p>\n\n\n\n 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.<\/p>\n\n\n\n Fellow exchange Coinbase saw its IPO launch<\/a> 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<\/a>.<\/p>\n\n\n\n Can we see Binance following in the footsteps of Coinbase in the coming years?<\/p>\n","post_title":"Binance U.S. On Route For An IPO","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"binance-u-s-on-route-for-an-ipo","to_ping":"","pinged":"","post_modified":"2022-05-28 18:10:45","post_modified_gmt":"2022-05-28 08:10:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4157","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
What might reassure investors, however, is Chain Bridge\u2019s impeccable track record in managing credit risks. Unlike many other banks that have faced challenges with non-performing loans, particularly in recent years, Chain Bridge has managed to avoid such pitfalls. Remarkably, the bank has reported no non-performing loans for the past 12 years.<\/p>\n","post_title":"US Republican Party Backed Chain Bridge Bank Raises $41M In IPO","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"us-republican-party-backed-chain-bridge-bank-raises-41m-in-ipo","to_ping":"","pinged":"","post_modified":"2024-10-07 04:19:58","post_modified_gmt":"2024-10-06 17:19:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19033","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4157,"post_author":"1","post_date":"2022-03-29 21:02:08","post_date_gmt":"2022-03-29 10:02:08","post_content":"\n 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.<\/p>\n\n\n\n In Q4 of 2021, Binance U.S. saw higher profits compared to the entirety of Uber since its inception in 2009, said Shroder.<\/p>\n\n\n\n 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.<\/p>\n\n\n\n Fellow exchange Coinbase saw its IPO launch<\/a> 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<\/a>.<\/p>\n\n\n\n Can we see Binance following in the footsteps of Coinbase in the coming years?<\/p>\n","post_title":"Binance U.S. On Route For An IPO","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"binance-u-s-on-route-for-an-ipo","to_ping":"","pinged":"","post_modified":"2022-05-28 18:10:45","post_modified_gmt":"2022-05-28 08:10:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4157","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Chain Bridge\u2019s deep connections to the Republican Party have been both a strength and a potential risk. This level of exposure to a specific political entity poses a risk that is uncommon in the broader financial industry. Yet, precisely, this political connection has allowed Chain Bridge to outperform larger, more traditional banks in securing key campaign-related business.<\/p>\n\n\n\n What might reassure investors, however, is Chain Bridge\u2019s impeccable track record in managing credit risks. Unlike many other banks that have faced challenges with non-performing loans, particularly in recent years, Chain Bridge has managed to avoid such pitfalls. Remarkably, the bank has reported no non-performing loans for the past 12 years.<\/p>\n","post_title":"US Republican Party Backed Chain Bridge Bank Raises $41M In IPO","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"us-republican-party-backed-chain-bridge-bank-raises-41m-in-ipo","to_ping":"","pinged":"","post_modified":"2024-10-07 04:19:58","post_modified_gmt":"2024-10-06 17:19:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19033","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4157,"post_author":"1","post_date":"2022-03-29 21:02:08","post_date_gmt":"2022-03-29 10:02:08","post_content":"\n 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.<\/p>\n\n\n\n In Q4 of 2021, Binance U.S. saw higher profits compared to the entirety of Uber since its inception in 2009, said Shroder.<\/p>\n\n\n\n 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.<\/p>\n\n\n\n Fellow exchange Coinbase saw its IPO launch<\/a> 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<\/a>.<\/p>\n\n\n\n Can we see Binance following in the footsteps of Coinbase in the coming years?<\/p>\n","post_title":"Binance U.S. On Route For An IPO","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"binance-u-s-on-route-for-an-ipo","to_ping":"","pinged":"","post_modified":"2022-05-28 18:10:45","post_modified_gmt":"2022-05-28 08:10:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4157","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
The Virginia-based bank has reportedly become a favorite within GOP circles. It has been the financial cornerstone for every Republican presidential campaign since John McCain\u2019s bid in 2008. Its strong affiliations reportedly make it a unique player in the banking sector, and its value is deeply tied to the political landscape.<\/p>\n\n\n\n Chain Bridge\u2019s deep connections to the Republican Party have been both a strength and a potential risk. This level of exposure to a specific political entity poses a risk that is uncommon in the broader financial industry. Yet, precisely, this political connection has allowed Chain Bridge to outperform larger, more traditional banks in securing key campaign-related business.<\/p>\n\n\n\n What might reassure investors, however, is Chain Bridge\u2019s impeccable track record in managing credit risks. Unlike many other banks that have faced challenges with non-performing loans, particularly in recent years, Chain Bridge has managed to avoid such pitfalls. Remarkably, the bank has reported no non-performing loans for the past 12 years.<\/p>\n","post_title":"US Republican Party Backed Chain Bridge Bank Raises $41M In IPO","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"us-republican-party-backed-chain-bridge-bank-raises-41m-in-ipo","to_ping":"","pinged":"","post_modified":"2024-10-07 04:19:58","post_modified_gmt":"2024-10-06 17:19:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19033","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4157,"post_author":"1","post_date":"2022-03-29 21:02:08","post_date_gmt":"2022-03-29 10:02:08","post_content":"\n 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.<\/p>\n\n\n\n In Q4 of 2021, Binance U.S. saw higher profits compared to the entirety of Uber since its inception in 2009, said Shroder.<\/p>\n\n\n\n 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.<\/p>\n\n\n\n Fellow exchange Coinbase saw its IPO launch<\/a> 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<\/a>.<\/p>\n\n\n\n Can we see Binance following in the footsteps of Coinbase in the coming years?<\/p>\n","post_title":"Binance U.S. On Route For An IPO","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"binance-u-s-on-route-for-an-ipo","to_ping":"","pinged":"","post_modified":"2022-05-28 18:10:45","post_modified_gmt":"2022-05-28 08:10:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4157","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
The Virginia-based bank has reportedly become a favorite within GOP circles. It has been the financial cornerstone for every Republican presidential campaign since John McCain\u2019s bid in 2008. Its strong affiliations reportedly make it a unique player in the banking sector, and its value is deeply tied to the political landscape.<\/p>\n\n\n\n Chain Bridge\u2019s deep connections to the Republican Party have been both a strength and a potential risk. This level of exposure to a specific political entity poses a risk that is uncommon in the broader financial industry. Yet, precisely, this political connection has allowed Chain Bridge to outperform larger, more traditional banks in securing key campaign-related business.<\/p>\n\n\n\n What might reassure investors, however, is Chain Bridge\u2019s impeccable track record in managing credit risks. Unlike many other banks that have faced challenges with non-performing loans, particularly in recent years, Chain Bridge has managed to avoid such pitfalls. Remarkably, the bank has reported no non-performing loans for the past 12 years.<\/p>\n","post_title":"US Republican Party Backed Chain Bridge Bank Raises $41M In IPO","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"us-republican-party-backed-chain-bridge-bank-raises-41m-in-ipo","to_ping":"","pinged":"","post_modified":"2024-10-07 04:19:58","post_modified_gmt":"2024-10-06 17:19:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19033","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4157,"post_author":"1","post_date":"2022-03-29 21:02:08","post_date_gmt":"2022-03-29 10:02:08","post_content":"\n 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.<\/p>\n\n\n\n In Q4 of 2021, Binance U.S. saw higher profits compared to the entirety of Uber since its inception in 2009, said Shroder.<\/p>\n\n\n\n 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.<\/p>\n\n\n\n Fellow exchange Coinbase saw its IPO launch<\/a> 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<\/a>.<\/p>\n\n\n\n Can we see Binance following in the footsteps of Coinbase in the coming years?<\/p>\n","post_title":"Binance U.S. On Route For An IPO","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"binance-u-s-on-route-for-an-ipo","to_ping":"","pinged":"","post_modified":"2022-05-28 18:10:45","post_modified_gmt":"2022-05-28 08:10:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4157","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
See Related: <\/em><\/strong>Waave Raises $4.7M; Developing Open Banking Payments<\/a><\/p>\n\n\n\n The Virginia-based bank has reportedly become a favorite within GOP circles. It has been the financial cornerstone for every Republican presidential campaign since John McCain\u2019s bid in 2008. Its strong affiliations reportedly make it a unique player in the banking sector, and its value is deeply tied to the political landscape.<\/p>\n\n\n\n Chain Bridge\u2019s deep connections to the Republican Party have been both a strength and a potential risk. This level of exposure to a specific political entity poses a risk that is uncommon in the broader financial industry. Yet, precisely, this political connection has allowed Chain Bridge to outperform larger, more traditional banks in securing key campaign-related business.<\/p>\n\n\n\n What might reassure investors, however, is Chain Bridge\u2019s impeccable track record in managing credit risks. Unlike many other banks that have faced challenges with non-performing loans, particularly in recent years, Chain Bridge has managed to avoid such pitfalls. Remarkably, the bank has reported no non-performing loans for the past 12 years.<\/p>\n","post_title":"US Republican Party Backed Chain Bridge Bank Raises $41M In IPO","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"us-republican-party-backed-chain-bridge-bank-raises-41m-in-ipo","to_ping":"","pinged":"","post_modified":"2024-10-07 04:19:58","post_modified_gmt":"2024-10-06 17:19:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19033","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4157,"post_author":"1","post_date":"2022-03-29 21:02:08","post_date_gmt":"2022-03-29 10:02:08","post_content":"\n 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.<\/p>\n\n\n\n In Q4 of 2021, Binance U.S. saw higher profits compared to the entirety of Uber since its inception in 2009, said Shroder.<\/p>\n\n\n\n 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.<\/p>\n\n\n\n Fellow exchange Coinbase saw its IPO launch<\/a> 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<\/a>.<\/p>\n\n\n\n Can we see Binance following in the footsteps of Coinbase in the coming years?<\/p>\n","post_title":"Binance U.S. On Route For An IPO","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"binance-u-s-on-route-for-an-ipo","to_ping":"","pinged":"","post_modified":"2022-05-28 18:10:45","post_modified_gmt":"2022-05-28 08:10:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4157","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Chain Bridge Bancorp\u2019s IPO was priced at $22 per share, bringing in nearly $41 million as it put 1.85 million shares on the market. The offering<\/a> valued the bank at approximately $141 million, slightly below its initial target price range of $24 to $26 per share. Despite the modest scale, the successful IPO reflects investor confidence in the bank\u2019s business model and its distinct ties to the Republican political apparatus.<\/p>\n\n\n\n See Related: <\/em><\/strong>Waave Raises $4.7M; Developing Open Banking Payments<\/a><\/p>\n\n\n\n The Virginia-based bank has reportedly become a favorite within GOP circles. It has been the financial cornerstone for every Republican presidential campaign since John McCain\u2019s bid in 2008. Its strong affiliations reportedly make it a unique player in the banking sector, and its value is deeply tied to the political landscape.<\/p>\n\n\n\n Chain Bridge\u2019s deep connections to the Republican Party have been both a strength and a potential risk. This level of exposure to a specific political entity poses a risk that is uncommon in the broader financial industry. Yet, precisely, this political connection has allowed Chain Bridge to outperform larger, more traditional banks in securing key campaign-related business.<\/p>\n\n\n\n What might reassure investors, however, is Chain Bridge\u2019s impeccable track record in managing credit risks. Unlike many other banks that have faced challenges with non-performing loans, particularly in recent years, Chain Bridge has managed to avoid such pitfalls. Remarkably, the bank has reported no non-performing loans for the past 12 years.<\/p>\n","post_title":"US Republican Party Backed Chain Bridge Bank Raises $41M In IPO","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"us-republican-party-backed-chain-bridge-bank-raises-41m-in-ipo","to_ping":"","pinged":"","post_modified":"2024-10-07 04:19:58","post_modified_gmt":"2024-10-06 17:19:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19033","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4157,"post_author":"1","post_date":"2022-03-29 21:02:08","post_date_gmt":"2022-03-29 10:02:08","post_content":"\n 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.<\/p>\n\n\n\n In Q4 of 2021, Binance U.S. saw higher profits compared to the entirety of Uber since its inception in 2009, said Shroder.<\/p>\n\n\n\n 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.<\/p>\n\n\n\n Fellow exchange Coinbase saw its IPO launch<\/a> 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<\/a>.<\/p>\n\n\n\n Can we see Binance following in the footsteps of Coinbase in the coming years?<\/p>\n","post_title":"Binance U.S. On Route For An IPO","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"binance-u-s-on-route-for-an-ipo","to_ping":"","pinged":"","post_modified":"2022-05-28 18:10:45","post_modified_gmt":"2022-05-28 08:10:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4157","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Chain Bridge Bancorp, a small but politically influential bank, raised $41 million in its US initial public offering, Reuters<\/em> reported. Despite having just one branch and 84 employees, Chain Bridge has managed to carve out a niche by aligning itself closely with the Republican Party, serving as a key financial partner for GOP campaigns since 2008. <\/p>\n\n\n\n Chain Bridge Bancorp\u2019s IPO was priced at $22 per share, bringing in nearly $41 million as it put 1.85 million shares on the market. The offering<\/a> valued the bank at approximately $141 million, slightly below its initial target price range of $24 to $26 per share. Despite the modest scale, the successful IPO reflects investor confidence in the bank\u2019s business model and its distinct ties to the Republican political apparatus.<\/p>\n\n\n\n See Related: <\/em><\/strong>Waave Raises $4.7M; Developing Open Banking Payments<\/a><\/p>\n\n\n\n The Virginia-based bank has reportedly become a favorite within GOP circles. It has been the financial cornerstone for every Republican presidential campaign since John McCain\u2019s bid in 2008. Its strong affiliations reportedly make it a unique player in the banking sector, and its value is deeply tied to the political landscape.<\/p>\n\n\n\n Chain Bridge\u2019s deep connections to the Republican Party have been both a strength and a potential risk. This level of exposure to a specific political entity poses a risk that is uncommon in the broader financial industry. Yet, precisely, this political connection has allowed Chain Bridge to outperform larger, more traditional banks in securing key campaign-related business.<\/p>\n\n\n\n What might reassure investors, however, is Chain Bridge\u2019s impeccable track record in managing credit risks. Unlike many other banks that have faced challenges with non-performing loans, particularly in recent years, Chain Bridge has managed to avoid such pitfalls. Remarkably, the bank has reported no non-performing loans for the past 12 years.<\/p>\n","post_title":"US Republican Party Backed Chain Bridge Bank Raises $41M In IPO","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"us-republican-party-backed-chain-bridge-bank-raises-41m-in-ipo","to_ping":"","pinged":"","post_modified":"2024-10-07 04:19:58","post_modified_gmt":"2024-10-06 17:19:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19033","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4157,"post_author":"1","post_date":"2022-03-29 21:02:08","post_date_gmt":"2022-03-29 10:02:08","post_content":"\n 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.<\/p>\n\n\n\n In Q4 of 2021, Binance U.S. saw higher profits compared to the entirety of Uber since its inception in 2009, said Shroder.<\/p>\n\n\n\n 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.<\/p>\n\n\n\n Fellow exchange Coinbase saw its IPO launch<\/a> 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<\/a>.<\/p>\n\n\n\n Can we see Binance following in the footsteps of Coinbase in the coming years?<\/p>\n","post_title":"Binance U.S. On Route For An IPO","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"binance-u-s-on-route-for-an-ipo","to_ping":"","pinged":"","post_modified":"2022-05-28 18:10:45","post_modified_gmt":"2022-05-28 08:10:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4157","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Chain Bridge Bancorp, a small but politically influential bank, raised $41 million in its US initial public offering, Reuters<\/em> reported. Despite having just one branch and 84 employees, Chain Bridge has managed to carve out a niche by aligning itself closely with the Republican Party, serving as a key financial partner for GOP campaigns since 2008. <\/p>\n\n\n\n Chain Bridge Bancorp\u2019s IPO was priced at $22 per share, bringing in nearly $41 million as it put 1.85 million shares on the market. The offering<\/a> valued the bank at approximately $141 million, slightly below its initial target price range of $24 to $26 per share. Despite the modest scale, the successful IPO reflects investor confidence in the bank\u2019s business model and its distinct ties to the Republican political apparatus.<\/p>\n\n\n\n See Related: <\/em><\/strong>Waave Raises $4.7M; Developing Open Banking Payments<\/a><\/p>\n\n\n\n The Virginia-based bank has reportedly become a favorite within GOP circles. It has been the financial cornerstone for every Republican presidential campaign since John McCain\u2019s bid in 2008. Its strong affiliations reportedly make it a unique player in the banking sector, and its value is deeply tied to the political landscape.<\/p>\n\n\n\n Chain Bridge\u2019s deep connections to the Republican Party have been both a strength and a potential risk. This level of exposure to a specific political entity poses a risk that is uncommon in the broader financial industry. Yet, precisely, this political connection has allowed Chain Bridge to outperform larger, more traditional banks in securing key campaign-related business.<\/p>\n\n\n\n What might reassure investors, however, is Chain Bridge\u2019s impeccable track record in managing credit risks. Unlike many other banks that have faced challenges with non-performing loans, particularly in recent years, Chain Bridge has managed to avoid such pitfalls. Remarkably, the bank has reported no non-performing loans for the past 12 years.<\/p>\n","post_title":"US Republican Party Backed Chain Bridge Bank Raises $41M In IPO","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"us-republican-party-backed-chain-bridge-bank-raises-41m-in-ipo","to_ping":"","pinged":"","post_modified":"2024-10-07 04:19:58","post_modified_gmt":"2024-10-06 17:19:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19033","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4157,"post_author":"1","post_date":"2022-03-29 21:02:08","post_date_gmt":"2022-03-29 10:02:08","post_content":"\n 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.<\/p>\n\n\n\n In Q4 of 2021, Binance U.S. saw higher profits compared to the entirety of Uber since its inception in 2009, said Shroder.<\/p>\n\n\n\n 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.<\/p>\n\n\n\n Fellow exchange Coinbase saw its IPO launch<\/a> 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<\/a>.<\/p>\n\n\n\n Can we see Binance following in the footsteps of Coinbase in the coming years?<\/p>\n","post_title":"Binance U.S. On Route For An IPO","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"binance-u-s-on-route-for-an-ipo","to_ping":"","pinged":"","post_modified":"2022-05-28 18:10:45","post_modified_gmt":"2022-05-28 08:10:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4157","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Chain Bridge Bancorp, a small but politically influential bank, raised $41 million in its US initial public offering, Reuters<\/em> reported. Despite having just one branch and 84 employees, Chain Bridge has managed to carve out a niche by aligning itself closely with the Republican Party, serving as a key financial partner for GOP campaigns since 2008. <\/p>\n\n\n\n Chain Bridge Bancorp\u2019s IPO was priced at $22 per share, bringing in nearly $41 million as it put 1.85 million shares on the market. The offering<\/a> valued the bank at approximately $141 million, slightly below its initial target price range of $24 to $26 per share. Despite the modest scale, the successful IPO reflects investor confidence in the bank\u2019s business model and its distinct ties to the Republican political apparatus.<\/p>\n\n\n\n See Related: <\/em><\/strong>Waave Raises $4.7M; Developing Open Banking Payments<\/a><\/p>\n\n\n\n The Virginia-based bank has reportedly become a favorite within GOP circles. It has been the financial cornerstone for every Republican presidential campaign since John McCain\u2019s bid in 2008. Its strong affiliations reportedly make it a unique player in the banking sector, and its value is deeply tied to the political landscape.<\/p>\n\n\n\n Chain Bridge\u2019s deep connections to the Republican Party have been both a strength and a potential risk. This level of exposure to a specific political entity poses a risk that is uncommon in the broader financial industry. Yet, precisely, this political connection has allowed Chain Bridge to outperform larger, more traditional banks in securing key campaign-related business.<\/p>\n\n\n\n What might reassure investors, however, is Chain Bridge\u2019s impeccable track record in managing credit risks. Unlike many other banks that have faced challenges with non-performing loans, particularly in recent years, Chain Bridge has managed to avoid such pitfalls. Remarkably, the bank has reported no non-performing loans for the past 12 years.<\/p>\n","post_title":"US Republican Party Backed Chain Bridge Bank Raises $41M In IPO","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"us-republican-party-backed-chain-bridge-bank-raises-41m-in-ipo","to_ping":"","pinged":"","post_modified":"2024-10-07 04:19:58","post_modified_gmt":"2024-10-06 17:19:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19033","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4157,"post_author":"1","post_date":"2022-03-29 21:02:08","post_date_gmt":"2022-03-29 10:02:08","post_content":"\n 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.<\/p>\n\n\n\n In Q4 of 2021, Binance U.S. saw higher profits compared to the entirety of Uber since its inception in 2009, said Shroder.<\/p>\n\n\n\n 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.<\/p>\n\n\n\n Fellow exchange Coinbase saw its IPO launch<\/a> 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<\/a>.<\/p>\n\n\n\n Can we see Binance following in the footsteps of Coinbase in the coming years?<\/p>\n","post_title":"Binance U.S. On Route For An IPO","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"binance-u-s-on-route-for-an-ipo","to_ping":"","pinged":"","post_modified":"2022-05-28 18:10:45","post_modified_gmt":"2022-05-28 08:10:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4157","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Chain Bridge Bancorp, a small but politically influential bank, raised $41 million in its US initial public offering, Reuters<\/em> reported. Despite having just one branch and 84 employees, Chain Bridge has managed to carve out a niche by aligning itself closely with the Republican Party, serving as a key financial partner for GOP campaigns since 2008. <\/p>\n\n\n\n Chain Bridge Bancorp\u2019s IPO was priced at $22 per share, bringing in nearly $41 million as it put 1.85 million shares on the market. The offering<\/a> valued the bank at approximately $141 million, slightly below its initial target price range of $24 to $26 per share. Despite the modest scale, the successful IPO reflects investor confidence in the bank\u2019s business model and its distinct ties to the Republican political apparatus.<\/p>\n\n\n\n See Related: <\/em><\/strong>Waave Raises $4.7M; Developing Open Banking Payments<\/a><\/p>\n\n\n\n The Virginia-based bank has reportedly become a favorite within GOP circles. It has been the financial cornerstone for every Republican presidential campaign since John McCain\u2019s bid in 2008. Its strong affiliations reportedly make it a unique player in the banking sector, and its value is deeply tied to the political landscape.<\/p>\n\n\n\n Chain Bridge\u2019s deep connections to the Republican Party have been both a strength and a potential risk. This level of exposure to a specific political entity poses a risk that is uncommon in the broader financial industry. Yet, precisely, this political connection has allowed Chain Bridge to outperform larger, more traditional banks in securing key campaign-related business.<\/p>\n\n\n\n What might reassure investors, however, is Chain Bridge\u2019s impeccable track record in managing credit risks. Unlike many other banks that have faced challenges with non-performing loans, particularly in recent years, Chain Bridge has managed to avoid such pitfalls. Remarkably, the bank has reported no non-performing loans for the past 12 years.<\/p>\n","post_title":"US Republican Party Backed Chain Bridge Bank Raises $41M In IPO","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"us-republican-party-backed-chain-bridge-bank-raises-41m-in-ipo","to_ping":"","pinged":"","post_modified":"2024-10-07 04:19:58","post_modified_gmt":"2024-10-06 17:19:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19033","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4157,"post_author":"1","post_date":"2022-03-29 21:02:08","post_date_gmt":"2022-03-29 10:02:08","post_content":"\n 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.<\/p>\n\n\n\n In Q4 of 2021, Binance U.S. saw higher profits compared to the entirety of Uber since its inception in 2009, said Shroder.<\/p>\n\n\n\n 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.<\/p>\n\n\n\n Fellow exchange Coinbase saw its IPO launch<\/a> 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<\/a>.<\/p>\n\n\n\n Can we see Binance following in the footsteps of Coinbase in the coming years?<\/p>\n","post_title":"Binance U.S. On Route For An IPO","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"binance-u-s-on-route-for-an-ipo","to_ping":"","pinged":"","post_modified":"2022-05-28 18:10:45","post_modified_gmt":"2022-05-28 08:10:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4157","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
A GOP Favorite Raises Millions<\/h2>\n\n\n\n
A GOP Favorite Raises Millions<\/h2>\n\n\n\n
A GOP Favorite Raises Millions<\/h2>\n\n\n\n
A GOP Favorite Raises Millions<\/h2>\n\n\n\n
A GOP Favorite Raises Millions<\/h2>\n\n\n\n
A GOP Favorite Raises Millions<\/h2>\n\n\n\n
\n
A GOP Favorite Raises Millions<\/h2>\n\n\n\n