Binance.US is raising an additional $50 million, CoinDesk reports

Binance.US, the stateside arm of crypto exchange Binance, is looking to raise up to $50 million at a $4.5 billion valuation, CoinDesk reported on Tuesday. 

The upcoming round won't necessarily represent a Series A but would amount to a continuation of its seed round, people familiar with the matter told CoinDesk. The firm plans to target strategic partners.

Binance.US closed its first funding round at a pre-money valuation of $4.5 billion in April of this year. The $200 million seed round saw participation from the likes of RRE Ventures, Foundation Capital, Original Capital, VanEck, Circle Ventures, Gaingels and Gold House, though there was no lead investor. 

THE SCOOP

Keep up with the latest news, trends, charts and views on crypto and DeFi with a new biweekly newsletter from The Block's Frank Chaparro

By signing-up you agree to our Terms of Service and Privacy Policy
By signing-up you agree to our Terms of Service and Privacy Policy

At the time of t