Binance.US Seeks $100 Million in New Capital
The American cryptocurrency exchange aims to secure funding to expand operations and restore USD services.
Updated on Oct. 15, 2026 in Startups
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Binance.US is launching an effort to raise $100 million in new capital to bolster its American operations. The company intends to use the funds to enhance its compliance measures and restore USD-based services for users.
Why it matters
Securing this capital is a strategic move for the exchange as it works to improve its competitive standing against market rivals like Coinbase and Kraken. Success in this round would provide the resources necessary to implement internal reforms and attract American crypto customers.
The exchange is pursuing a $100 million capital injection following a successful $200 million seed round closed in April 2022. That previous investment round was secured at a pre-money valuation of $4.5 billion.
The players
Binance.US
This cryptocurrency exchange platform is a United States-based entity legally distinct from the global Binance platform.
Stephen Gregory
He took over as the Chief Executive Officer of Binance.US in March 2026.
BAM Trading Services
This company is the corporate operator responsible for managing the daily functions of Binance.US.
The details
Operated by BAM Trading Services, the exchange is focusing its current business strategy on lowering trading fees and strengthening compliance. The platform, which remains legally separate from the global Binance entity, is prioritizing the restoration of USD trading capabilities to better serve the domestic market.
Timeline
The exchange previously attempted a $100 million funding round in 2021.
A seed round totaling over $200 million was finalized in April 2022.
Stephen Gregory assumed the role of CEO at Binance.US in March 2026.
Market Landscape
This fundraising effort signals a pivotal attempt by Binance.US to regain lost market share against dominant competitors like Coinbase and Kraken. The move reflects a broader trend of crypto exchanges seeking capital to navigate shifting regulatory requirements and stabilize operational viability.
Users may see changes to trading fee structures as the company attempts to improve its service offering. The eventual success of this funding round could also influence the availability and reliability of USD-based trading options for retail participants.
The takeaway
The company is betting that a capital infusion will provide the necessary runway to refine its business model and compliance framework. For potential participants, the focus remains on whether these changes will successfully restore reliable dollar-denominated services.
Further reading
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