Binance.US Raises $200 Million at $4.5 Billion Valuation

Binance.US is a cryptocurrency exchange that provides a platform, regulated marketplace, for trading different cryptocurrencies. The marketplace is based on cutting-edge technology for everyday access to digital assets. Binance.US focuses on fostering America’s transition to the digital era.

The investor’s list includes RRE Ventures, Foundation Capital, Original Capital, VanEck, Circle Ventures, Gaingels, an LGBTQIA+/Allies investment syndicate, and Gold House. The money raised will be used for acceleration growth to become more than a spot trading platform. This round is the first time when the company attracted external investors’ capital.

Binance.US, San Francisco, was founded by Changpeng Zhao in 2019. The company CEO is Brian Shroder. As of now, Binance.US is one of the biggest trading platforms in the USA, which a daily trading volume is $306 million. The highest fee for a transaction is 0.1%. The licensed service of exchange is provided to 45 states, with plans to extend to 50 states. New York, Texas, Vermont, Idaho, and Hawaii are not on the list. “So I think that’s the exciting part for us is expanding beyond [being] a one product company into a professional organization with multiple products and services, serving millions of users on a very clear pathway to IPO,” Brian Shroder.

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