Binance.US Raised Over $200M in Seed Capital; Valuated at $4.5 Billion

binance us

Binance.US, the company which is based in San Francisco, CA, offers a marketplace and digital asset exchange. It has raised more than $200M in Seed financing at a valuation of $4.5 billion.

RRE Ventures was one of the backers. VanEck, Original Capital and Foundation Capital were other backers. Gaingels, Circle Ventures, Gaingels, and Gold House were also backers.

The funds will be used to expand its spot trading platform and to develop new products and service in the near future. They will also be used to invest in marketing and consumer education.

Binance.US was launched in 2019 by Brian Shroder, the CEO. It offers trading features and can process over 1.4 million orders per minute while maintaining compliance and security. Binance.US has more than 85 trading pairs, and over 190 tokens. To date in 2022, it has launched in two new states, Connecticut and Louisiana, bringing the total number of states and territories where the platform is available to 45 and 8, respectively, and continues to work closely with the remaining state regulatory agencies to secure approvals so it can offer its services across all U.S. states and territories. The company has also this year secured Money Transmitter Licenses in West Virginia and Wyoming.

In October 2021, Mr. Shroder was appointed as the Chief Executive Officer. The company has more than doubled its workforce and added several senior staff members, including Sidney Majalya (Creative Risk Officer), Norman Reed (General Counsel), Tammy Weinrib (Civil Compliance Officer) and Carol Mackinlay (Chief People Officer).

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