Binance Explores Restarting Binance.US, Considers Restructuring to Reduce CZ Control

Binance has been evaluating a restart of Binance.US to rebuild its U.S. footprint, including a potential capital restructuring that would reduce founder CZ's control at the unit, people familiar with the matter told Bloomberg on Dec. 17. If Binance purchases part or all of CZ's shares, the company could install new leadership at the exchange, pursue growth-focused business strategies, and leverage its political relationships in Washington, the people said. Binance has also sought a closer working relationship with BlackRock, the world's largest asset manager, according to the people.