{"id":48139,"date":"2021-08-23T14:55:07","date_gmt":"2021-08-23T11:55:07","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=48139"},"modified":"2025-09-02T00:45:29","modified_gmt":"2025-09-01T21:45:29","slug":"media-binance-plans-to-attract-investments-from-singapores-sovereign-wealth-funds-at-a-200-billion-valuation","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/media-binance-plans-to-attract-investments-from-singapores-sovereign-wealth-funds-at-a-200-billion-valuation\/","title":{"rendered":"Media: Binance plans to attract investments from Singapore&#8217;s sovereign wealth funds at a $200 billion valuation"},"content":{"rendered":"<p>The Bitcoin exchange Binance is considering raising funds from Singapore&#8217;s sovereign wealth funds at a $200 billion valuation, according to journalist Colin Wu, citing &#8216;a number of sources&#8217;.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">The source stated that Binance\u2019s equity belongs to founder CZ and co-founder HeYi, with a ratio of 92:8.<\/p>\n<p>\u2014 Wu Blockchain (@WuBlockchain) <a href=\"https:\/\/twitter.com\/WuBlockchain\/status\/1429651581025153034?ref_src=twsrc%5Etfw\">August 23, 2021<\/a><\/p>\n<\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>According to Wu&#8217;s interlocutor, Binance is owned by founder and chief executive Changpeng Zhao and co-founder He Yi in a 92:8 ratio.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u00abThe profit of the crypto exchange Coinbase in the first quarter of 2021 was about $800 million with a current market capitalization of $54.2 billion. Binance\u2019s profit is roughly four times that of Coinbase, so the valuation is $200 billion\u00bb, \u2014 the journalist wrote.<\/p>\n<\/blockquote>\n<blockquote class=\"twitter-tweet\" data-conversation=\"none\">\n<p lang=\"en\" dir=\"ltr\">Coinbase\u2019s profit in the first quarter was about 800 million, and its current market value was 54.2 billion. Binance\u2019s profit is about 4x that of Coinbase, so the valuation is $200 billion.<\/p>\n<p>\u2014 Wu Blockchain (@WuBlockchain) <a href=\"https:\/\/twitter.com\/WuBlockchain\/status\/1429652611263700993?ref_src=twsrc%5Etfw\">August 23, 2021<\/a><\/p>\n<\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Wu emphasised that, alongside Sequoia Capital&#8217;s rejected investment, Zhao signalled Binance&#8217;s interest not in external financing but only in venture capital for cooperation with regulators and obtaining licenses.<\/p>\n<p>According to the journalist, Vertex Ventures, a subsidiary of Singapore&#8217;s sovereign fund Temasek, invested in Binance Singapore and could subsequently back Binance Global.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Vertex Ventures, a subsidiary of Singapore\u2019s sovereign fund Temasek, has invested in Binance Singapore. It seems logical to invest in Binance Global now. The premise is that the government is willing to take risks.<\/p>\n<p>\u2014 Wu Blockchain (@WuBlockchain) <a href=\"https:\/\/twitter.com\/WuBlockchain\/status\/1429652244937334788?ref_src=twsrc%5Etfw\">August 23, 2021<\/a><\/p>\n<\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Binance declined to comment.<\/p>\n<p>On 23 August, former SGX head of regulation Richard Teng <a href=\"https:\/\/u1f987.com\/en\/news\/former-sgx-regulator-named-binance-singapore-ceo\">headed Binance Singapore<\/a>. He previously spent 13 years at the Monetary Authority of Singapore.<\/p>\n<p>Read ForkLog&#8217;s bitcoin news on our Telegram \u2014 cryptocurrency news, prices and analysis.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Bitcoin exchange Binance is considering raising funds from Singapore&#8217;s sovereign wealth funds at a $200 billion valuation, according to journalist Colin Wu, citing &#8216;a number of sources&#8217;.<\/p>\n","protected":false},"author":1,"featured_media":48140,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[744,52,946],"class_list":["post-48139","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-binance","tag-investments","tag-singapore"],"aioseo_notices":[],"amp_enabled":true,"views":"19","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/48139","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=48139"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/48139\/revisions"}],"predecessor-version":[{"id":48141,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/48139\/revisions\/48141"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/48140"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=48139"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=48139"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=48139"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}