The US subsidiary of Binance was assessed in the first round of finance with USD 4.5 billion

The US subsidiary of Binance was rated $ 4.5 billion in its first fundraising round, far less than its main competitor, since regulatory concerns cloud the prospects for the extensive network of Crypto companies from Changpeng Zhao.

on Wednesday gave Binance. Mowns that it collected $ 200 million from investors and evaluated the group with just more than half of the rating of $ 8 billion that investors for FTX's US business in January.

Supervisory authorities in important jurisdiction have tightened their control over massive cryptocurrency platforms and increased their monitoring of protocols and procedures to prevent criminal activities. Several crypto platforms have opened US branches to deal with particularly sensitive regulations that go hand in hand with the operation of American private investors.

The biggest investor in Binance. Us is Zhao, the CEO and founder of the much larger global bony exchange.

Last year,

Binance was exposed to a storm of criticism by the global financial supervisory authorities, which expressed concerns about the complex financial products that are accessible to everyday dealers on their international platform and their anti-money laundering guidelines. The group says that it blocks US users from their global platform and instead pushes them to the US arm.

binance. Brian Brooks, a former high-ranking US regulator, resigned in office in August after only three months.

Steven McClurg, Chief Investment Officer of the digital-asset specialist Valkyrie Investments, said that sales at the head of binance.Us-and in particular the abrupt exit from Brooks-had worried the investors.

"There is definitely concern that there could be regulatory problems. Regardless of whether these concerns are justified or not, the sudden departure of an ex-regulator is sufficient to make investors a little nervous," said McClurg.

A risk capital investor with experience in crypto added that the main exchange dispute with supervisory authorities, including those in large financial centers such as Great Britain and Singapore, had laid a "cloud" about the US subsidiary.

"There is generally a small reputation question sign," he said.

binance.Us that licenses the stock exchange technology from Binance is the 11th FTX Us trading volume, according to CryptoCommare data in January, an average of about two thirds of size.

The rival ftx.us, led by Chief Executive Sam Bankman-Fried, received $ 400 million from investors such as Temasek from Singapore in his first round of financing and rated the company with $ 8 billion.

At the same time, investors were $ 400 million as a separate deal in the parent company FTX, which imposed a price of $ 32 billion in the global company. The funds came from top -class investors, including the Ontario Teachers' Pension Plan Board and the Softbank Vision Fund 2. FTX also secured the support of Blackrock and Sequoia in previous rounds.

Brian Shroder, Chief Executive by Binance.Us, said that the group was "very satisfied with the current rating". He added that the company would use part of the funds for the development of new products, since the stock exchange currently only offers bars. FTX also offers derivative controls, which explains some of the gap in the evaluation of the two competitors, he said.

"We are confident that we will achieve an even higher rating [soon]," said Schröder.

The investors of the Binance.Us deal were Vaneck and the risk capital arm of the StableCoin Group Circle. Vaneck also put money in FTX as part of a fundraiser last summer. Schroder said the company would use the $ 200 million collected to improve its spot trading platform and to invest in marketing and consumer education initiatives as well as the introduction of new products.

The Financial Times said at the beginning of this year that Binance strengthened its compliance area and strengthened the processes to comply with the rules. He said that the global stock exchange does not try to increase investments.