Binance.US lands $200m in first funding round at $4.5bn valuation
Crypto platform Binance.US has raised more than $200 million in its first-ever funding round, valuing the company at $4.5 billion.
Binance.US CEO Brian Shroder
The round saw participation from RRE Ventures, Foundation Capital, Original Capital, VanEck and Circle Ventures, among others.
As part of Binance.US’ commitment to “an inclusive vision for crypto”, the round also includes support from diversity, equity and inclusion (DEI)-focused firms Gaingels and Gold House.
Binance.US will use the new funds on developing new products and services – some of which the firm says will be announced shortly – as well as kickstarting “educational initiatives to bridge the knowledge gap”.
The digital asset exchange currently supports more than 85 cryptocurrencies and more than 190 trading pairs.
The company has also recently launched in two new states – Connecticut and Louisiana – bringing the total number of supported states and territories to 45 and eight, respectively. In the last few months, the company also secured Money Transmitter Licenses in West Virginia and Wyoming “to further our commitment to compliance”.
