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April 9, 2022

Binance.US Announces $200 Million Funding And Sets Date for IPO

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Binance.us is a digital asset exchange. The company announced a $200 million funding round at a $4.5 billion valuation. Although this is the company’s first seed funding round, CEO Brian Shroder confirmed “the company is targeting an IPO in two to three years from April 6.” (TechCrunch)

Binance.US is a subsidiary of the global Binance entity that operates in the United States. According to Fortune, “The offshoot was created to serve as a separate, regulated and licensed entity in the U.S., where regulatory constraints prevent Binance from operating.” (Fortune)

We can use daily trading volume to determine the popularity of an exchange relative to its competitors.┬áBinance’s 24-hour trading volume is $14,300,367,400.83. (Binance Trading Volume) Binance.us is a smaller market, with a 24-hour trading volume of $225,459,261.39. (Binance.us trading volume) For comparison, Coinbase’s 24-hour trading volume is $2,148,785,405. (Coinbase trading volume)

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