Daily Trade News

$100M funding round for Binance.us falls through on regulatory



$100M funding round for Binance.us falls through on regulatory concerns

Regulatory concerns surrounding Binance.us and its owner, Changpeng Zhou (CZ), have reportedly culminated in investors backing out of a $100 million funding round.

The failed funding round also prompted Binance.us CEO Brian Brooks’ surprise decision to step down after serving as its executive for just three months.