Binance.US Targeting $50M Follow-On Raise at $4.5B Valuation

According to Coindesk, Binance.US, the American arm of the crypto exchange giant, is looking to raise up to $50 million in additional funding at a $4.5 billion valuation in what would be a continuation of the exchange's seed round. The company previously closed a $200 million seed round at a $4.5 billion valuation in April. It is reported that the raise will target "strategic partners" and would not represent a new Series A round. Binance.US declined to comment.