Crypto exchange Binance.US valued at $4.5 bln in first external funding round

(Reuters) Crypto exchange Binance.US said on Wednesday it had raised more than $200 million in a seed funding round at a pre-money valuation of $4.5 billion. Launched in 2019, the company is operated by BAM Trading services, the U.S. partner of Binance, the world’s biggest crypto exchange by trading volume. Binance.US and Binance have a licensing agreement but operate as separate legal entities.

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