The CEO of Binance, one of the world’s largest cryptocurrency exchanges, said its U.S. affiliate is considering an initial public offering (IPO) within the next three years. According to The Information, Changpeng ‘CZ’ Zhao said that “Binance.US is just going to do what Coinbase did.”
A spokesperson for Binance confirmed with Coindesk that Zhao has a timeline in mind for the move, though it is dependent on numerous external market factors – the IPO also depends on the business’ growth.
In an interview with CoinDesk, Zhao stated that “if the business can grow consistently over the next three years, then three years should be sufficient for an IPO,” he said. “If there’s a prolonged bear market for, I don’t know, maybe three or five years, then it may be a little bit longer.”
Zhao also confirmed that parent company, Binance, currently has no plans to go public.
Source: https://www.cryptocompare.com/email-updates/daily/2021/sep/02/
