Megaphone icon ETF Database is now VettaFi. Read More >
ETFdb Logo
ETFdb Logo
  • Channels
    • Active ETF
    • Alternatives
    • Beyond Basic Beta
    • China Insights
    • Climate Insights
    • Commodities
    • Core Strategies
    • Crypto
    • Disruptive Technology
    • Dividend
    • Dual Impact
    • Emerging Markets
    • Energy Infrastructure
    • Entrepreneur ETF
    • Equity ETF
    • ESG
    • ETF Building Blocks
    • ETF Education
    • ETF Strategist
    • Fixed Income
    • Future ETFs
    • Gold & Silver Investing
    • Innovative ETFs
    • Institutional Income Strategies
    • Leveraged & Inverse
    • Managed Futures
    • Modern Alpha
    • Multi-Asset
    • Multi-Factor
    • Nasdaq Investment Intelligence
    • Portfolio Strategies
    • Retirement Income
    • Smart Beta
    • Thematic Investing
    • Volatility Resource
  • Database
  • Tools
    • ETF Screener
    • ETF Country Exposure Tool
    • ETF Sector Tracker Tool
    • ETF Database Categories
    • Head-To-Head ETF Comparison Tool
    • ETF Stock Exposure Tool
    • ETF Issuer Fund Flows
    • Indexes
    • Mutual Fund To ETF Converter
    • ETF Data for Journalists
    • ETF Nerds
  • Research
    • First Bitcoin ETF
    • ETF Education
    • Equity Investing
    • Dividend ETFs
    • Leveraged ETFs
    • Inverse ETFs
    • Top ETF Sectors
    • Top ETF Issuers
    • Top ETF Industries
  • Webcasts
    • ETFs Future-Forward 2021: An iShares Investing Symposium
    • Three Themes for 2021: An iShares & MSCI Investing Symposium
  • Themes
    • AI ETFs
    • Blockchain ETFs
    • See all Thematic Investing ETF themes
    • ESG Investing
    • Marijuana ETFs
  • Videos & Podcasts
    • ETF 360 Video Series
    • ETF Trends on Videos
    • ETF Trends on Podcasts
    • ETF Prime Podcast
  • PRO
    • Pro Content
    • Pro Tools
    • Advanced
    • FAQ
    • Pricing
    • Free Sign Up
    • Login
  1. Crypto Channel
  2. Binance.US Valued at $4.5 Bil in 1st Funding Round
Crypto Channel
Share

Binance.US Valued at $4.5 Bil in 1st Funding Round

Parker DoyleApr 12, 2022
2022-04-12

Binance.US, the US subsidiary of major crypto exchange Binance, closed its first funding round last Wednesday after raising more than $200 million, with a pre-money valuation of $4.5 billion.

According to Binance.US, RRE Ventures, Foundation Capital, Original Capital, VanEck, and Circle Ventures all participated in the funding round. Binance has said the funds will be used to invest in its spot trading platform and new product development.

The exchange, which launched in 2019, is currently available in 45 US states and eight territories and plans to expand services to all US states and territories in the future. Binance currently offers crypto spot trading to both retail and institutional clients.

While Binance.US has seen greater trading volumes than other top US crypto exchanges, such as FTX.US and Gemini, it still trails far behind Coinbase, which saw a trading volume of over $81 billion last month, according to The Block’s Data Dashboard. Binance.US, by comparison, had a trading volume of just over $9 billion in the same period.

Binance.US has yet to announce when it will go public. According to CoinDesk, a company spokesperson said via email that “Binance.US intends to go public in the next two to three years at a time that we deem is right for the business.”

According to the WSJ, the SEC recently launched a probe into Binance.US and is looking into the relationship between the crypto exchange and trading firms Sigma Chain AG and Merit Peak. The firms act as market makers, continuously buying and selling crypto on Binance.US. The WSJ reported that both firms are connected to Binance CEO – and majority owner – Changpeng Zhao.

Binance.US is not the only exchange to see a successful funding round in the last year. Competitors FTX.US and Gemini both raised $400 million in their first funding rounds with valuations of $8 billion and $7.1 billion, respectively.

For more news, information, and strategy, visit the Crypto Channel.

Loading Articles...
Help & Info
  • Contact Us
  • Mission Statement
  • Press
Tools
  • ETF Screener
  • ETF Analyzer
  • Mutual Fund to ETF Converter
  • Head-To-Head ETF Comparison
  • ETF Country Exposure Tool
  • ETF Stock Exposure Tool
  • ETF Performance Visualizer
  • ETF Database Model Portfolios
  • ETF Database Realtime Ratings
  • ETF Database Pro
More Tools
  • ETF Launch Center
  • Financial Advisor & RIA Center
  • ETF Database RSS Feed
Explore ETFs
  • ETF News
  • ETF Picks of the Month
  • ETF Category Reports
  • Premium Articles
  • Alphabetical Listing of ETFs
  • Best ETFs
  • Browse ETFs by ETF Database Category
  • Browse ETFs by Index
  • Browse ETFs by Issuer
  • Compare ETFs
Legal
  • Terms of Use and Privacy Policy
  • © ETF Flows LLC
Follow ETF Database
Follow ETF Database

Advertisement

Is Your Portfolio Positioned With Enough Global Exposure?

Equity ETF Channel

Retirement Portfolio Redux: Is the 60%-40% Portfolio Dead?

Debbie CarlsonOct 22, 2020
2020-10-22

With the 10-year U.S. Treasury yield hovering below 1% and Federal Reserve Chairman Jerome Powell...

Equity ETF Channel

Portfolio Diversification Isn't Dead, It Was Just Sleeping

Debbie CarlsonOct 15, 2020
2020-10-15

Investors could be forgiven to think there was no reason to invest outside of the U.S. for the...

}
X