Asian Tech Press (SEP 02)-- Cryptocurrency exchange Binance founder and chief executive officer (CEO) Changpeng Zhao said that his U.S. subsidiary Binance.US could go public within three years.

Zhao added that Binance.US will complete a large private funding round in the next two months, which will weaken his control over the board.

In early August, Brian Brooks, the recently appointed CEO of Binance.US, announced his resignation on Twitter.
In his tweet, he mentioned "differences in strategic direction" between him and his colleagues.

Binance is one of the largest cryptocurrency exchanges in the world, with subsidiaries around the world. In recent months, the company has been the subject of actions by several countries, including the United Kingdom and Japan.

In late June, the Financial Conduct Authority (FCA) banned Binance from operating in the U.K. due to growing concerns about rising cryptocurrency crime.

However, the FCA admitted last week that it could not effectively regulate Binance due to capacity constraints. The agency said that Binance has complied with the requirements it imposed on it in late June. In addition, Binance's U.K. subsidiary has refused to answer some of its key questions, leaving it with little chance of taking control of the expanding conglomerate.