Bloomberg reports that Binance is working with investment giant BlackRock – discussing strengthening financial ties, including the launch of additional products and possible revenue-sharing agreements.

Sources from the publication report that institutional investors may be able to use their assets from BlackRock funds to secure deals on Binance.

Insiders say that Binance is aimed at returning to the US market, while CZ's stake may be reduced due to the recapitalization of the exchange.