Binance.US is closing in on a large private fundraising round within the next two months that would result in a reduction of control for founder and CEO Chanpeng “CZ” Zhao, said Zhao in an interview with The Information. Following this, Zhao stated Binance’s U.S. affiliate would eye an initial public offering within three years.

This move would cement the Binance brand within the scope of US regulators, and would overcome investigations relating to unlicensed trading which have recently plagued the brand.

“Binance.US is just going to do what Coinbase did,” Zhao said, according to the report by The Information.

A spokesperson for Binance confirmed with CoinDesk that Zhao had revealed a projected timeline during and interview with the publication and underscored his response to the three year plan as being dependent on market factors. The major factor being the business growth following their upcoming funding rounds. “If the business can grow consistently over the next three years, then three years should be sufficient for an IPO,” Zhao said. “If there’s a prolonged bear market for, I don’t know, maybe three or five years, then it may be a little bit longer.”

Zhao first announced the idea of a U.S. IPO during his time at the Redefine Tomorrow event in July, emphasizing the timeline is highly dependent on a number of factors including regulatory approval.

Earlier this year, the CEO stated parent company Binance had no plans to go public, citing comfortability with overall growth and cash reserves.