Binance CEO Changpeng Zhao said the exchange is considering an initial public offering (IPO) of its business in the United States in the next three years.
Binance.US will do what Coinbase does
Zhao said that as the company strives to become a regulated financial institution, he is ready to step down as CEO. While he has no immediate plans to step down from the role, he said Binance has already developed a succession plan.
The world's largest cryptocurrency exchange has come under Pressure from global regulatorsdue to suspicions of using cryptocurrencies for money laundering and lack of licenses.
After a series of warnings, Zhao said he intends to cooperate with global regulators and “fully comply with their requirements” to protect his users and business.
At a press conference in July, CEO noted:
We need to become a licensed financial institution, wherever we operate.
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