Binance.US valued at $4.5B in seed funding round

2022-4-7 01:30

The US arm of the world’s largest crypto Exchange, Binance, secured $200 million in funding at a pre-money valuation of $4.5 billion. Binance.US launched in 2019 and is operated by BAM Trading services through a licensing agreement with Binance. Binance.com ceased servicing US customers before the launch of Binance.US, citing KYC requirements and regulatory uncertainty in their justification for the move.

Binance.US is just outside the top 10 exchanges by trading volume globally despite being US-focused and listing only 88 coins and tokens. It has a 24hr spot trading volume of $435 million compared to Binance.com which has a volume of $26 billion. Further, futures trading is not available on Binance.US. Futures trading volume on Binance.com comes to an additional $78 billion every day. Regulatory issues limit the ability of Binance.US to offer crypto derivatives. Should this change in the future, it would open up a large market for new products and services. RRE Ventures, Foundation Capital, Original Capital, VanEck and Circle Ventures are all said to have invested in the company’s first external round of funding. Funds are earmarked to “invest in its spot trading platform and toward the development of new products and services.” Given the specific choice of words, it seems that US investors’ hopes of being able to trade crypto futures like many Binance.com users will be put on hold. An IPO may well be on the cards for the US exchange; as CEO Brian Shroder stated,

“I personally feel that there is value in going through the process of going IPO because it requires a lot of regulatory discussions and those are things we welcome and are excited about,”

The $4.5 billion valuation may seem like a bargain for early investors as Coinbase, which went public in 2021, is worth $38 billion. However, Coinbase currently has ten times more trading volume than Binance.US, which may be reflected in the valuation. In addition, Binance’s trading fees are much lower than its competitor’s, which may help it attract new customers as the company is further legitimized through US-based investment.

The post Binance.US valued at $4.5B in seed funding round appeared first on CryptoSlate.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Multi Channel Influencer Creater Cloud Funding Platform (MCI) на Currencies.ru

$ 7.82E-5 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.07 %, 7d: -52.90 %
Cегодня L: $7.82E-5 - H: $7.82E-5
Капитализация $102.747k Rank 2192
Цена в час новости $ 0.0136825 (-99.43%)

funding binance round valued seed billion valuation

funding binance → Результатов: 106


Фото:

Wombat Exchange Successfully Closes $5.25M Series A Funding Round Led by Hailstone Ventures and Animoca Brands

Wombat Exchange, a Binance-backed hyper-efficient multichain stableswap, has raised $5. 25 million in a Series A fundraising round led by Animoca Brands and Hailstone Ventures. BNB Chain, TPS Capital, GSR, Zokyo, Lunar Station, Eureka Trading, Silverstone, Unanimous Capital, and CryptoWesearch were among the other investors in the round.

2022-3-29 00:50


Фото:

Win-to-Earn NFT Game Duelist King Secures $1 Million in Latest Funding Round

Cross-chain win-to-earn NFT game Duelist King recently announced it had raised more than $1 million from several prominent private equity firms during its latest fundraising round. Duelist King Raises Over $1 Million Duelist Game is a Binance Smart Chain-based (BSC) and Cardano-based game with support from other leading smart contract platforms such as Fantom, Polygon,Read More

2021-10-27 13:00


Dragon Kart Raises $1.1 Million For 3D Play-to-Earn Battle Racing Game

Dragon Kart, an innovative 3D play-to-earn battle racing game built on Binance Smart Chain (BSC), has announced the successful closing of an oversubscribed $1. 1 million funding round. The raise was led by Bigcoin Capital and LuaVentures, with participation from TomoChain, Signum Capital, NGC Ventures, Shima Capital, AU21, Kardia Ventures, LaunchZone, VBC Ventures, BSC Station and individual investors from Digital Strategies and Everse Capital.

2021-10-21 19:44


Hashed, Binance, Coinbase, and others invest $2M into blockchain data network Covalent

CryptoNinjas » Hashed, Binance, Coinbase, and others invest $2M into blockchain data network Covalent Covalent, a blockchain data provider, today announced it has closed a $2 million strategic funding round led by Hashed Ventures with participation from Binance Labs, Coinbase Ventures, Delphi Ventures, Hypersphere Ventures, and others to launch a decentralized version of its data query network.

2021-3-25 20:16


Top 5 Upcoming Token Sale in March 2021

Top 5 Upcoming Token Sale(IEO/IDO) – MARCH Edition After the ICO bubble busted in 2018, Projects were struggling to find new ways to raise funds, Funding Market was dried up and That’s when Binance launched a new method of fundraising called IEO(Initial Exchange Offering), which was more secure, and guaranteed a quick listing after the […] The post Top 5 Upcoming Token Sale in March 2021 appeared first on ItsBlockchain.

2021-3-2 13:51


Biconomy raises seed round of $1.5M to enable developers to simplify Web3 experience

Biconomy, a platform that empowers blockchain developers to provide a simplified onboarding and transaction experience for their Web3 projects, today announced it has secured $1. 5 million in a seed funding round led by Eden Block, a research-led European VC, with participation from 8 other investors including Fenbushi Capital, Binance and DACM to continue its mission […] CryptoNinjas » Biconomy raises seed round of $1.

2021-1-11 20:09


Blockchain interoperability layer Axelar raises $3.75 million

Axelar, a decentralized interoperability fabric that connects blockchain ecosystems, applications and users, has announced seed funding of $3.75 million with investments secured from, Binance X, the Binance Smart Chain Accelerator Fund, an arm of Binance – the popular cryptocurrency exchange company; and DCVC (Data Collective), the San Francisco-based venture capital firm, which last year set […] CryptoNinjas » Blockchain interoperability layer Axelar raises $3.75 million

2020-11-14 07:37


Binance Funding Remains Negative, Providing Rocket Fuel for Bitcoin

Bitcoin’s short-term trend has grown somewhat unclear as of late, with the cryptocurrency being unable to extend its momentum past $13,800 This level has historical significance, as it is where BTC’s uptrend stalled back in the summer of 2019 when it rallied The sharp rise in the US Dollar’s value that took place yesterday may have been what sparked this movement Despite it now consolidating at just above $13,000 as bulls and bears reach an […]

2020-10-30 02:00