Changpeng “CZ” Zhao, CEO of one of the world’s biggest exchanges, Binance, stated its U.S. associate is observing a primary public offering in three years.
Zhao stated “Binance.US is just going to do what Coinbase did” by ensuing in the tracks of Brian Armstrong’s exchange.
The change to go public would be a bonus for the plagued Binance brand, with numerous states having publicized inquiries into or issued warnings against Binance.
A representative for Binance confirmed with CoinDesk that Zhao had exposed an expected timeline through an interview with the publication and highlighted his reply as being reliant on market factors.
Zhao stated, “So if the business can grow consistently over the next three years, then three years should be sufficient for an IPO,”
He further said, “If there’s a prolonged bear market for, I don’t know, maybe three or five years, then it may be a little bit longer.”
Binance.US is watching the achievement of a big private funding round in the next two months that would see the exchange’s CEO decrease control of the U.S. affiliate’s board, according to the report.
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