Binance US to Raise $50 Million, CoinDesk Report

Binance US, a US-based crypto company Looking To Raise Up To $50 Million At A $4.5 Billion Valuation CoinDesk reporton tuesday

This funding round is not a Series A, but rather a continuation of the seed round, as people familiar with the matter told CoinDesk.

Binance.US turn offThe first round of funding at an upfront value of $4.5 billion was in April of this year. The $200 million seed funding round was attended by RRE Ventures, Foundation Capital, Original Capital, VanEck, Circle Ventures, Gaangels, and Gold House, although no major investors were involved.

Binance.US plans to raise additional funds in the coming months. and hopes to offer shares to the public in the next two to three years.

CEO Brian Shroder said another fundraising will be announced next month or so.give an interviewwith Protocol

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