Binance Wants to Go Public

Binance wants to go public. Also, Binance CEO said that they are looking for a new CEO.

Binance CEO Changpeng Zhao spoke at the virtual event “Redefine Tomorrow” organized by SCB 10X, the venture arm of Siam, Thailand's largest commercial bank. CEO Zhao, also known as CZ, noted: "Our partner in the US [Binance US] is in the process of researching a possible IPO… We want that, but there is no firm decision at this time." To be remembered, in April this year, Coinbase, the largest cryptocurrency exchange in the USA, was listed on the Nasdaq, and the Bitcoin price rose to $ 64 thousand with this news, breaking a record. Other famous exchanges of the country, Kraken, Gemini, and Circle, the USDC issuing company, are among the rumors that want to go public. Zhao also stated that Binance needs to change its company structure before going for an IPO because many regulators want to see a headquarters, an office or a legal entity. Zhao said: "We are establishing these structures. After you set up the system, you can make the IPO easier. So this is not something that will happen. However, we are, of course, at an early stage for this issue at the moment." Stating that they have accelerated their work with the increase in regulatory control over the company, Binance CEO also announced that they are looking for a new CEO for the company. Binance CEO said: “We are looking for a new Binance CEO. I hope for one with a strong background in regulation. We have already recruited many people with a background in these matters. We have recruited former regulators. Now we want to strengthen our connection and communication with regulatory bodies.”