Binance's affiliate United states-based cryptocurrency exchange, Binance.US, is targeting an initial public offering (IPO) in 2024, according to Binance CEO and founder Changpeng Zhao.

Binance.US is planning to close a large private funding round in the adjacent two months that would let the firm to go more independent from the global exchange, Zhao said on Wednesday in an interview with tech publication The Data.

Zhao is confident that the global crypto commutation will survive the ongoing regulatory crackdown by global regulators, and that Binance.US will move toward a public listing in 3 years. "Binance.US is just going to practice what Coinbase did," Zhao stated. He said that Binance generated $800 million–$one billion in profit last year.

The news comes amid more global regulators raising concerns about Binance'southward operations, with the Budgetary Authority of Singapore (MAS) adding Binance'south website to its investor warning list on Wednesday. The list provides a record of unregulated persons who "may take been wrongly perceived as beingness licensed or regulated by MAS."

According to local reports, Binance Asia Services (BAS), the Singapore-based unit of measurement of Binance, operates as a carve up entity and does not offer whatsoever services via Binance's website, running a different platform, Binance.sg, instead. In June, the MAS said it was planning to review BAS' application for a license under the Payment Services (PS) Deed. Binance previously practical to operate in Singapore under the human action in Feb 2022.

Related: Binance incapable of effective supervision, British regulator states

A spokesperson for the MAS told Cointelegraph that the regulator blacklisted Binance'south website as the business firm did non use for a license under the PS Act. "Binance is required to cease providing payment services which are regulated under the PS Human activity to Singapore residents and end soliciting such business from Singapore residents," the representative noted.

In the meantime, BAS' license awarding remains nether review, subject to it demonstrating that information technology is able to meet requirements under the PS Deed, the MAS spokesperson added.

Every bit previously reported, Binance has been under increased scrutiny from global regulators in recent months, with warnings existence issued by regime in countries such as the U.k., the United States, Canada, Japan, Italian republic, Thailand and others. The substitution has stressed its delivery to cooperating with regulators multiple times.