Binance​.US completes $200M seed round to hit $4.5B valuation

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Binance​.US completes $200M seed round to hit $4.5B valuation
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Like Michael Jordan’s first comeback, BinanceUS is wearing $4.5B. The American partner of Binance reached the milestone after receiving $200 million in a seed round.

Binance​.US, the American partner of Binance, the world’s largest cryptocurrency exchange by trading value, has completed its first-ever external funding from investors like Circle Ventures.

Circle's venture arm Circle Ventures joined the funding round. “Circle Ventures is excited to invest in Binance.US. We are committed to helping create a robust and competitive digital assets ecosystem,” Circle’s chief financial officer Jeremy Fox-Geen said.file for a Bitcoin exchange-traded fund The newly raised funds will help Binance.US expand its spot trading platform with new features and products soon and provide new consumer education projects."We are exploring a host of new products and services, be it organically or through strategic M&A, and we expect to bring some of these to market in the near-term," a spokesperson for Binance.US told Cointelegraph.

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