The cryptocurrency exchange’s US spinoff pulled in a nine-figure sum from investors like Circle Ventures at a post-money valuation of $4.7bn.
Binance.US, the US-based spinoff of Cayman Islands-registered cryptocurrency exchange Binance, secured $200m in seed funding on Wednesday from investors including digital payment platform developer Circle.
RRE Ventures, Original Capital, Foundation Capital and VanEck filled out the round alongside unnamed others. Circle participated through corporate venturing unit Circle Ventures and the round valued the company at $4.7bn post-money.
Launched in 2019, Binance.US allows users to buy, sell and trade digital assets. It claims to have doubled its workforce in the past…
Fernando Moncada Rivera
Fernando Moncada Rivera is a reporter at Global Corporate Venturing and also host of the CVC Unplugged podcast.
