Binance eyes stock trading in Hong Kong, Korea, Taiwan and Brazil as Binance.US seeks $100M
- —Binance is weighing listings of Hong Kong, Korean, Taiwanese and Brazilian stocks on user demand
- —Binance.US plans to raise up to $100 million at a valuation near $1 billion
- —Binance.US valuation is about 78% below its 2022 level of $4.5 billion
- —Binance's tokenized bStocks topped $1 billion in assets and $40 billion in cumulative volume in four months
Why it matters: The largest exchange is pushing into multi-asset platforms to cut reliance on crypto fees and step up competition with Coinbase and OKX.
Source: Cointribune