Binance.US Valued at $4.5B, Closes $200M Seed Round

Investors in the funding round include VanEck, Circle Ventures, RRE Ventures and Foundation Capital

article-image

Source: Shutterstock

share
  • Binance.US is looking into potential merger and acquisition opportunities, chief executive said
  • With the capital, the company also plans to double the staff for its product and tech department

Binance.US, the United States partner company of cryptocurrency exchange Binance, secured $200 million in seed financing. The firm notched a $4.5 billion pre-money valuation, according to a Wednesday announcement.

“On the build side, we already have 100 people in our product and tech department. We will double that by the end of the year with this fundraising round,” Brian Shroder, chief executive of Binance.US, told Blockworks. 

Investors in the round include VanEck, Circle Ventures, RRE Ventures, Foundation Capital, Original Capital, Gaingels and Gold House.

Binance.US, which launched in 2019, is a separate legal entity from crypto exchange Binance.com. However, the company can still access its technology through a licensing agreement with its partner company.

Binance banned US-based customers in September 2019 due to regulatory constraints. Via a partnership with BAM Trading Services, the company later announced the creation of Binance.US.

Users in approved states had to complete more stringent know your customer (KYC) rules to access Binance.US than Binance previously required. This includes uploading a photo of a valid ID and providing social security numbers.

Binance.US has expanded its services to 45 states and 8 territories since 2019 — most recently in Connecticut and Louisiana.

Per Shroder, the company is also “scaling up [its] corporate development department” and “evaluating potential mergers and acquisitions opportunities.”


Get the news in your inbox. Explore Blockworks newsletters:

Tags

Decoding crypto and the markets. Daily, with Byron Gilliam.

Upcoming Events

Javits Center North | 445 11th Ave

Tues - Thurs, March 24 - 26, 2026

Blockworks’ Digital Asset Summit (DAS) will feature conversations between the builders, allocators, and legislators who will shape the trajectory of the digital asset ecosystem in the US and abroad.

recent research

Unlocked by Template.png

Research

The march toward an interoperable and onchain-by-default internet depends on reliable messaging and value transfer across heterogeneous domains. Crosschain protocols now process >$1.3T in combined annual transfer volume and secure tens of millions of user interactions, yet no single design dominates.

article-image

The goal, per Santiago Santos, is to make crypto a relatable piece of tech for people who may not even understand it

article-image

Stripe stablecoin unit aims to operate under a federal charter enabling regulated stablecoin issuance and custody services

by Blockworks /
article-image

Will TradFi make crypto better or create more problems than it solves?

article-image

Subtle decisions by risk curators saved Aave from significant turmoil

article-image

The new Rootstock Institutional unit aims to connect professional investors to Bitcoin-native yield and liquidity strategies anchored in BTC’s security layer

by Blockworks /
article-image

DOJ files record civil forfeiture against more than 127,000 BTC linked to scam activity

by Blockworks /