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

– Binance.US mentioned on Wednesday it had raised over $200 million in a seed funding spherical, at a pre-money valuation of $4.5 billion.

The corporate mentioned RRE Ventures, Basis Capital, Unique Capital, VanEck, and Circle Ventures had been among the many buyers within the funding spherical.

Binance mentioned it's going to use the funds to spend money on its spot buying and selling platform and towards the event of latest services.

(This story Corrects headline and first paragraph to take away reference to Binance’s U.S. unit.)

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