Binance.US raises $200M at $4.5B valuation

07.04.2022 20:56
by Gabriel Cross
1 min read

Binance.US raises $200M at $4.5B valuation

The US arm of Bitcoin exchange Binance has raised $200 million. Binance.US’s preliminary valuation has reached $4.5 billion after a seed round of venture capital funding.

RRE Ventures, Foundation Capital, Original Capital and VanEck took part in the first external financing of the company.

The funds raised by Binance.US exchange will be used to develop the spot trading platform. The team plans to expand the range of products and services, and improve marketing and educational initiatives.

Author

  • Gabriel Cross used to be a bank officer for an international bank for many years. From this point of view, he says the time spent obtaining a degree in economics was a waste of time. A few years back, he decided to quit his job and start trading. He is obsessed with decentralized finance, but he often plays with the stock market, investing with great pleasure into ground-breaking tech solution startups.

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