Binance CEO Changpeng Zhao talked about the company’s possible investments and headquarters.
Changpeng “CZ” Zhao, CEO of leading crypto-asset trading platform Binance, spoke about the company’s investment prospects and headquarters at the Bloomberg New Economy Forum in Singapore on Friday. The CEO thinks the company’s U.S. subsidiary could soon receive a “several hundred million” investment. According to him, this investment could come in a month or two.
The CEO also reiterated that Binance US may go public in the future. But before that, he said a few rounds of funding would do well. CZ has previously announced that the company plans to go public within three years.
Binance, on the other hand, will announce a headquarters soon. As we mentioned earlier, Binance received warnings from the financial regulators of many countries and even had to stop or restrict its services in many countries. CZ had previously said that the company could continue its operations without a physical headquarters, but the reactions from the regulatory authorities caused it to change its mind. The CEO acknowledged in September that the company needed a central office to work with regulators. Now he drew attention to this situation again and said that they will explain soon:
CZ also said that they need to pay more attention to regulatory frameworks as Binance is now turning into a financial services company rather than a technology company.