{"id":50424,"date":"2021-09-30T12:03:29","date_gmt":"2021-09-30T09:03:29","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=50424"},"modified":"2025-09-02T17:55:52","modified_gmt":"2025-09-02T14:55:52","slug":"media-gemini-and-binance-us-eye-unicorn-status-after-new-funding-rounds","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/media-gemini-and-binance-us-eye-unicorn-status-after-new-funding-rounds\/","title":{"rendered":"Media: Gemini and Binance.US Eye Unicorn Status After New Funding Rounds"},"content":{"rendered":"

The valuation of bitcoin exchanges Gemini and Binance.US could rise to $7 billion and $3 billion respectively following new funding rounds. The figures, citing informed sources, were provided by The Block<\/a>.<\/p>\n

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In January, Gemini founders Cameron and Tyler Winklevoss announced plans for the company to go public via an IPO<\/span><\/a>. Beginning in the spring, they have been in talks with venture investors, who are currently at the final stage.<\/p>\n

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Binance.US began the process in August, but the resignation of CEO Brian Brooks<\/a> forced the expected timeline for its completion to be moved back.<\/p>\n

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Media reports suggested the resignation could have been driven by the Binance chief Changpeng Zhao’s substantial stake in the business (90%) and his reluctance to distance<\/a> the U.S. subsidiary from the parent company. It was also affected by regulatory pressure<\/a> on the bitcoin exchange.<\/p>\n

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The global Binance platform is also involved in seeking investors with a valuation of $100-$300 billion<\/a>.<\/p>\n

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In September, the bitcoin exchange announced<\/a> the appointment of Brian Schrader as president of the U.S. unit. He is tasked with preparing for an IPO.<\/p>\n

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Earlier, Zhao disclosed<\/a> plans for Binance.US to conduct a public listing on the U.S. stock market within the next three years.<\/p>\n

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Earlier, the head of Binance pledged to abandon the ‘decentralized model’<\/a> of the business.<\/p>\n

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In June, the Kraken CEO confirmed plans to go public<\/a> in the second half of 2022.<\/p>\n

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Follow ForkLog news on VK<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"

The valuation of Gemini and Binance.US bitcoin exchanges could rise to $7 billion and $3 billion respectively following new funding rounds. The figures, citing informed sources, were provided by The Block.<\/p>\n","protected":false},"author":1,"featured_media":50425,"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":[744,719,193,1211],"class_list":["post-50424","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-binance","tag-gemini","tag-kraken","tag-stock-market"],"aioseo_notices":[],"amp_enabled":true,"views":"16","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/50424","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=50424"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/50424\/revisions"}],"predecessor-version":[{"id":50426,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/50424\/revisions\/50426"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/50425"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=50424"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=50424"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=50424"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}