US crypto-asset platform Binance.US has announced that it has raised over $200 million in its seed round from venture capital firms.
The investment round was at $4.5 billion valuation and saw participation by RRE Ventures, Foundation Capital, Original Capital, VanEck, and Circle Ventures, among others.
With the latest successful funding round, the crypto firm plans to expand its operation across the US.
Brian Shroder, Chief Executive Officer of Binance.US, commented:
In under three years, Binance.US has grown into a profitable business that is not only one of the largest and most technologically advanced digital asset exchanges in the United States but in the world. From this position of strength, and with an eye toward continuing our rapid ascent alongside the ascent of the crypto industry at large, we are pleased to close our first financing round.
Shroder added:
This funding and valuation validate the strength of Binance.US’s business today, as well as our long-term growth prospects, and will enable us to continue to make our spot trading platform the best it can be while rolling out an ambitious product roadmap.
