Binance.US seeks $100m funding to expand crypto business

The story so far: Binance.US $100m funding round

Binance.US is seeking to raise $100m to expand its crypto business. The round targets a valuation of about $1bn, roughly 78% below its 2022 pre-round valuation of $4.5bn, with plans to expand to all 50 US states and apply for a derivatives licence.

1. 15 Oct 202616:14 UTC

   Binance.US seeks $100m funding to expand crypto business

   Binance.US is seeking to raise $100m to expand its crypto business, according to Aggr News.

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2. 15 Oct 202617:50 UTC

   Binance US seeks $100m at about $1bn valuation, down 78% from 2022

   Binance US is seeking up to $100m in funding at a target valuation of about $1bn, roughly 78% below its $4.5bn pre-round valuation in 2022. The platform plans to expand to all 50 US states and apply for a derivatives licence, after restoring dollar deposits and withdrawals via ACH in February 2025.

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