Binance.Us worth 4.5 billion USD concludes Seed round worth $ 200 million
Binance.Us worth 4.5 billion USD concludes Seed round worth $ 200 million
- binance .us checks potential M&A opportunities, said the CEO
- With the capital, the company also plans to double the personnel for its product and technology department
binance.us, the American partner company of the Binance cryptocurrency exchange, secured seed financing of $ 200 million. According to a message on Wednesday, the company achieved a pre-Money rating of $ 4.5 billion.
"On the design side we already have 100 employees in our product and technology department. With this fundraising round we will double this by the end of the year," Brian Shroder, Chief Executive from Binance.Us, told Blockworks.
The round investors include: Vaneck, Circle Ventures, Rre Ventures, Foundation Capital, Original Capital, Gaingels and Gold House.
binance.us, which was started in 2019, is a legal person separated by the KryptoBörse Binance.com. However, the company can continue to access its technology via a license agreement with its partner company.
Binance blocked customers based in the United States in September 2019 due to regulatory restrictions. Through a partnership with BAM Trading Services, the company was later
Users in approved states had to fulfill stricter Kyc rules (Know your Customer) in order to be able to access binance.Us than was previously required by Binance. This includes uploading a photo of a valid ID and the information of social security numbers. binance.us has expanded its services to 45 states and 8 territories since 2019 - most recently in Connecticut and Louisiana. According to Shroder, "the company also scales [ITS] corporate development department" and "Assessment of possible mergers and takeover [M&A] occasions." . . The contribution binance.us value at $ 4.5b, close $ 200m seed round is not a financial advice.
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