Binance.US Reportedly Plans to Raise $50M

The US division of crypto exchange Binance intends to raise an additional $50 million.

Binance.US raised in April $200 million in a seed round at a $4.5 billion valuation. The company then received investments from RRE Ventures, Foundation Capital, Original Capital, VanEck, Circle Ventures, Gaingels, Gold House as well as other firms.

According to sources familiar with the topic, the new funding will be a continuation of the seed round, and not the stage of Serie A.

Binance.US CEO Brian Schroeder has noted this will allow the company to “enter the crypto winter from a position of strength.” He has added:

“Investors are not afraid to invest in us additional funds.”

Schroeder has also said the company would announce the attraction of financing in July.