Binance buys $100 million stake in Circle, expands partnership

Circle (CRCL) received a $100M investment from Binance, purchasing 1.24M shares at $80.84 each. The deal includes a 5-year partnership for promoting USDC on Binance's platform.

Circle (CRCL) and Binance have extended their partnership with a five-year deal to expand USDC access in emerging markets. Binance invested $100 million in Circle, acquiring shares at a 5% discount. The agreement focuses on promoting USDC and integrating it into Binance's platform, with Circle providing infrastructure support.

Binance bought $100M in CRCL shares at $80.84 each via a private placement from Circle, the issuer of USDC. The deal includes a 5-year USDC promotional agreement with monthly incentive fees for Binance. CRCL shares rose 2% in premarket trading.

Binance invested $100 million in Circle (CRCL) and extended their partnership for five years. The deal focuses on promoting USDC, especially in emerging markets. Circle will provide infrastructure support. Binance's investment was at a 5% discount to CRCL's market price, with a two-year lockup period. Circle is a leading internet financial platform, and Binance is a major global cryptocurrency exchange.

Circle extended its commercial agreement with Binance for five years, selling $100M in Class A shares at $80.84 per share. The deal promotes USDC via Circle’s Modular Smart Contract Wallet, with Binance receiving incentive fees. Binance has limited transfer restrictions on the shares but retains voting rights, according to an SEC filing.

Circle Internet Group, Inc. (CRCL) filed an SEC Form 8-K — Other Events. Item 8.01. Other Events Expansion of Commercial Arrangement with Binance On September 17, 2026, certain subsidiaries of Circle Internet Group, Inc. (“ Circle ” or the “ Company ” or “ we ”) entered into arrangements with Binance that expand the parties’ existing strategic partner