Crypto exchange Binance.US raises first external funding at $4.5 billion valution, preps for IPO
Binance.US, the American arm of the world’s largest crypto exchange by volume, received funding from early-stage venture capitalists and crypto-native firms, including RRE Ventures, Foundation Capital, Original Capital, VanEck, and Circle Ventures, as the company operates as a separate legal entity than its global counterpart Binance
By Arghyadeep Dutta
Published - Apr 07, 2022, 12:00 AM ET
Last Updated - Feb 22, 2024, 10:01 AM EST
• Binance.US is planning for an IPO in two to three years
• Funding will be used to invest in spot trading platform and develop new products and services
Crypto exchange Binance.US on Wednesday said it had raised over $200 million in a seed funding round at a pre-money valuation of $4.5 billion, as the company is looking to list itself in two to three years.
Binance.US, the American arm of the world’s largest crypto exchange by volume, received funding from early-stage venture capitalists and crypto-native firms, including RRE Ventures, Foundation Capital, Original Capital, VanEck, and Circle Ventures, as the company operates as a separate legal entity than its global counterpart Binance.
