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Binance.US raises USD 200 mln

Monday 11 April 2022 11:09 CET | News

Crypto platform Binance.US has raised more than USD 200 million in its first funding round, valuing the company at USD 4.5 billion.

The round saw participation from RRE Ventures, Foundation Capital, Original Capital, VanEck, and Circle Ventures, among others. As part of Binance.US’ commitment to ‘an inclusive vision for crypto’, the round also includes support from diversity, equity, and inclusion (DEI)-focused firms Gaingels and Gold House.

Binance.US will use the new funds on developing new products and services, as well as kickstarting ‘educational initiatives to bridge the knowledge gap’.

The digital asset exchange currently supports more than 85 cryptocurrencies and more than 190 trading pairs.

The company has also recently launched in two new states, bringing the total number of supported states and territories to 45 and eight, respectively.


Source: Link


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Keywords: funding, cryptocurrency, financial inclusion, cryptocurrency exchange, digital assets
Categories: DeFi & Crypto & Web3
Companies: Binance
Countries: United States
This article is part of category

DeFi & Crypto & Web3

Binance

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