Stock Market News
Binance’s U.S. unit valued at $4.5 billion in seed funding round
2022.04.06 16:27
FILE PHOTO: A representation of the cryptocurrency is seen in front of Binance logo in this illustration taken, March 4, 2022. REUTERS/Dado Ruvic
(Reuters) – Crypto exchange Binance’s U.S. unit said on Wednesday it had raised over $200 million in a seed funding round, at a pre-money valuation of $4.5 billion.
The company said RRE Ventures, Foundation Capital, Original Capital, VanEck, and Circle Ventures were among the investors in the funding round.
Binance said it will use the funds to invest in its spot trading platform and toward the development of new products and services.
