Binance Approaches Sovereign Wealth Funds for Investment
- Interest from such funds will take the company closer to the government.

Binance is in talks with several sovereign wealth funds to pursue them in taking stakes in the crypto Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectively relevant with real-time pricing.Depending upon where you reside, an exchange may be referred to as a bourse or a share exchange while, as a whole, exchanges are present within the majority of countries. Who is Listed on an Exchange?As trading continues to transition more to electronic exchanges, transactions become more dispersed through varying exchanges. This in turn has caused a surge in the implementation of trading algorithms and high-frequency trading applications. In order for a company to be listed on a stock exchange for example, a company must divulge information such as minimum capital requirements, audited earnings reports, and financial reports.Not all exchanges are created equally, with some outperforming other exchanges significantly. The most high-profile exchanges to date include the New York Stock Exchange (NYSE), the Tokyo Stock Exchange (TSE), the London Stock Exchange (LSE), and the Nasdaq. Outside of trading, a stock exchange may be used by companies aiming to raise capital, this is most commonly seen in the form of initial public offerings (IPOs).Exchanges can now handle other asset classes, given the rise of cryptocurrencies as a more popularized form of trading. An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectively relevant with real-time pricing.Depending upon where you reside, an exchange may be referred to as a bourse or a share exchange while, as a whole, exchanges are present within the majority of countries. Who is Listed on an Exchange?As trading continues to transition more to electronic exchanges, transactions become more dispersed through varying exchanges. This in turn has caused a surge in the implementation of trading algorithms and high-frequency trading applications. In order for a company to be listed on a stock exchange for example, a company must divulge information such as minimum capital requirements, audited earnings reports, and financial reports.Not all exchanges are created equally, with some outperforming other exchanges significantly. The most high-profile exchanges to date include the New York Stock Exchange (NYSE), the Tokyo Stock Exchange (TSE), the London Stock Exchange (LSE), and the Nasdaq. Outside of trading, a stock exchange may be used by companies aiming to raise capital, this is most commonly seen in the form of initial public offerings (IPOs).Exchanges can now handle other asset classes, given the rise of cryptocurrencies as a more popularized form of trading. Read this Term, the Founder and Chief Executive, Changpeng Zhao revealed.
In an interview with Financial Times, Zhao detailed that the move to approach the sovereign wealth funds came as the exchange is facing regulatory backlash in many jurisdictions. The exchange is expecting to improve its ‘perception and relationships’ with various governments if it secures investment from sovereign funds.
“But, it may also tie us to specific countries... which we want to be slightly careful with,” Zhao said.
Though he did not disclose the names of the sovereign funds which are potentially interesting in the crypto exchange, he confirmed that the size of the investment will ‘not be small’.
“The ticket size involved will not be small... it won’t be a short process,” he added.
Upcoming Fundings
Additionally, Zhao revealed last week that the US affiliate of Binance is about to close a massive funding round, securing ‘a couple hundred million’ dollars. But, the possible investment into the parent Binance will be separate from that round.
The exchange has even deviated from its decentralized operations model and is now in the process of setting up its global headquarters. Though the exchange did not confirm the city to be its future base, it is reportedly considering Singapore and Dubai.
Meanwhile, Binance is not ruling out the possibility of going public and is expected to follow the footsteps of its US rival Coinbase that went public earlier this year and now has a market cap of around $76 billion.
Furthermore, Zhao confirmed that Binance is already a profitable company, generating billions of dollars, but the valuation of the company is still unknown.
Binance is in talks with several sovereign wealth funds to pursue them in taking stakes in the crypto Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectively relevant with real-time pricing.Depending upon where you reside, an exchange may be referred to as a bourse or a share exchange while, as a whole, exchanges are present within the majority of countries. Who is Listed on an Exchange?As trading continues to transition more to electronic exchanges, transactions become more dispersed through varying exchanges. This in turn has caused a surge in the implementation of trading algorithms and high-frequency trading applications. In order for a company to be listed on a stock exchange for example, a company must divulge information such as minimum capital requirements, audited earnings reports, and financial reports.Not all exchanges are created equally, with some outperforming other exchanges significantly. The most high-profile exchanges to date include the New York Stock Exchange (NYSE), the Tokyo Stock Exchange (TSE), the London Stock Exchange (LSE), and the Nasdaq. Outside of trading, a stock exchange may be used by companies aiming to raise capital, this is most commonly seen in the form of initial public offerings (IPOs).Exchanges can now handle other asset classes, given the rise of cryptocurrencies as a more popularized form of trading. An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectively relevant with real-time pricing.Depending upon where you reside, an exchange may be referred to as a bourse or a share exchange while, as a whole, exchanges are present within the majority of countries. Who is Listed on an Exchange?As trading continues to transition more to electronic exchanges, transactions become more dispersed through varying exchanges. This in turn has caused a surge in the implementation of trading algorithms and high-frequency trading applications. In order for a company to be listed on a stock exchange for example, a company must divulge information such as minimum capital requirements, audited earnings reports, and financial reports.Not all exchanges are created equally, with some outperforming other exchanges significantly. The most high-profile exchanges to date include the New York Stock Exchange (NYSE), the Tokyo Stock Exchange (TSE), the London Stock Exchange (LSE), and the Nasdaq. Outside of trading, a stock exchange may be used by companies aiming to raise capital, this is most commonly seen in the form of initial public offerings (IPOs).Exchanges can now handle other asset classes, given the rise of cryptocurrencies as a more popularized form of trading. Read this Term, the Founder and Chief Executive, Changpeng Zhao revealed.
In an interview with Financial Times, Zhao detailed that the move to approach the sovereign wealth funds came as the exchange is facing regulatory backlash in many jurisdictions. The exchange is expecting to improve its ‘perception and relationships’ with various governments if it secures investment from sovereign funds.
“But, it may also tie us to specific countries... which we want to be slightly careful with,” Zhao said.
Though he did not disclose the names of the sovereign funds which are potentially interesting in the crypto exchange, he confirmed that the size of the investment will ‘not be small’.
“The ticket size involved will not be small... it won’t be a short process,” he added.
Upcoming Fundings
Additionally, Zhao revealed last week that the US affiliate of Binance is about to close a massive funding round, securing ‘a couple hundred million’ dollars. But, the possible investment into the parent Binance will be separate from that round.
The exchange has even deviated from its decentralized operations model and is now in the process of setting up its global headquarters. Though the exchange did not confirm the city to be its future base, it is reportedly considering Singapore and Dubai.
Meanwhile, Binance is not ruling out the possibility of going public and is expected to follow the footsteps of its US rival Coinbase that went public earlier this year and now has a market cap of around $76 billion.
Furthermore, Zhao confirmed that Binance is already a profitable company, generating billions of dollars, but the valuation of the company is still unknown.