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- Binance.US
Binance.US Valuation, Funding & Investors
Binance.US is valued at $4.7B as of April 2022.
Last Binance.US valuation
$4.7B
Seed · Apr 2022
Last Binance.US funding round
$200M
Seed · Apr 2022
Cumulative funding Binance.US raised
$200M
across 1 funding round
Key investors in Binance.US
Bossa Invest
Gaingels
Foundation Capital
RRE Ventures
Northern Light Venture Capital
Karman Ventures
About Binance.US
Binance.US is a San Francisco-headquartered cryptocurrency exchange regulated by FinCEN. Established in 2019, the platform facilitates trading of over 150 digital assets for U.S. residents, emphasizing compliance with federal and state money transmission laws.
Founded
2019
HQ
Website
Status
Privately held
Customer focus
B2C
Revenue model
Commission
Valuation
$4.7B (Apr 2022)
Binance.US Valuation
Binance.US is currently valued at $4.7B, based on its seed round in April 2022.
The $200M round included Northern Light Venture Capital, RRE Ventures, Circle Ventures, Gold House, Standard Crypto and 7 other investors.
Binance.US valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Apr 2022 | Seed | $4.7B |
Binance.US Funding History
Binance.US has raised a total of $200M across 1 funding round.
Binance.US funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Apr 2022 | Seed | Northern Light Venture Capital; RRE Ventures; Circle Ventures; Gold House; Standard Crypto; Gaingels; Original Capital; Foundation Capital; Karman Ventures; Mandeep Singh; Bossa Invest; Omar Darwazah | $200M | $4.7B | Binance.US, the U.S.-regulated subsidiary of Binance founded in 2019, announced its first-ever external funding round in April 2022, raising over $200 million at a $4.5 billion pre-money valuation. The company received backing from a diverse investor group including RRE Ventures, Foundation Capital, Original Capital, VanEck, and Circle Ventures, alongside diversity-focused firms Gaingels and Gold House. Binance.US operates as one of the largest digital asset exchanges in the United States, with a 24-hour trading volume of $306 million at the time of the announcement and the lowest transaction fees in the industry at 0.1%, significantly undercutting competitors like Coinbase Pro. CEO Brian Shroder stated the capital would be deployed to expand beyond the company's core spot trading platform into multiple products and services, with plans to pursue an initial public offering within two to three years. The company operated as a profitable business at the time of the round and held the ability to serve customers across 45 U.S. states with plans for nationwide expansion. |
Who has invested in Binance.US?
12 investors have backed Binance.US across its funding rounds, including Bossa Invest, Gaingels, Foundation Capital, RRE Ventures, Northern Light Venture Capital and Karman Ventures.
Binance.US Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 1 | Participant | Apr 2022 | ||
| 1 | Participant | Apr 2022 | ||
| 1 | Participant | Apr 2022 | ||
| 1 | Participant | Apr 2022 | ||
| 1 | Participant | Apr 2022 | ||
| 1 | Participant | Apr 2022 | ||
| 1 | Participant | Apr 2022 | ||
| 1 | Participant | Apr 2022 | ||
| 1 | Participant | Apr 2022 | ||
| 1 | Participant | Apr 2022 | ||
This data is available for Pro users. Sign up to see all 12 Binance.US investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialAcquisitions by Binance.US
Binance.US has acquired 2 companies to date.
Last acquisition by Binance.US was on March 14th 2023. Binance.US acquired Yay for $150M.
Latest Acquisitions by Binance.US
| Description | - | Voyager Digital Ltd through its subsidiary operates as a crypto-asset broker that provides retail and institutional investors with a turnkey solution to trade crypto assets. The company offers investors execution, data, wallet, and custody services through its institutional-grade open architecture platform. |
| HQ Country | - | |
| HQ City | - | Wilmington, DE |
| Deal Date | 14 Mar 2023 | 19 Dec 2022 |
| Valuation | $150M | $1B |
| EV/Revenue | ||
| EV/EBITDA | ||
This data is available for Pro users. Sign up to see all Binance.US acquisitions and their M&A valuation multiples. Start Free Trial | ||
Investments by Binance.US
Binance.US has invested in 1 company to date.
Latest investment by Binance.US was on March 25th 2021. Binance.US invested in Custodia Bank in their $37M Series A round.
Latest Investments by Binance.US
| Description | - |
| HQ Country | |
| HQ City | - |
| Deal Date | 25 Mar 2021 |
| Round | Series A |
| Raised | $37M |
| Investors | AP Capital Partners; Equity Management Associates; Eric Ly; Coinbase Ventures; Greybull Stewardship; Hard Yaka; ECMC; Holon Global Investments; 1843 Capital; Hashkey Exchange; Banca del Ceresio |
| Valuation | undisclosed |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all Binance.US investments and their VC round multiples. Start Free Trial | |
Binance.US Competitors
Binance.US competitors include listed companies like Bullish and Sharplink, and private ones like BlockFi, Tempo, Sorare and Anchorage Digital.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | $50M | - | $4.5B | 90.0x | ||
| Private | - | - | $5B | - | ||
| Private | $150M | - | $4.3B | 28.7x | ||
| Private | $85M | - | $4.2B | 49.4x | ||
| Publicly listed | $245B | ($727M) | $5.3B | 13.5x | ||
| Publicly listed | $28M | ($734M) | $1.8B | 39.9x |
Binance.US Public Comps
Binance.US is still privately-owned, but its public comps include Galaxy Digital, Bullish, Hyperliquid Strategies, Sharplink, Securitize, OSL Group, HashKey Holdings, BitGo Holdings, Indokripto Koin Semesta and BitMine.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $60B | ($177M) | 0.1x | 0.2x | (43.3x) | (182.6x) | |||
| $245B | ($727M) | 0.0x | 13.5x | (6.3x) | 38.2x | |||
| $9M | - | 308.0x | 162.2x | - | - | |||
| $28M | ($734M) | 61.9x | 39.9x | (2.4x) | 141.1x | |||
| $62M | ($34M) | 25.5x | 22.2x | (46.0x) | (37910.8x) | |||
| $62M | ($48M) | 16.6x | 11.3x | (21.7x) | (23.2x) | |||
| $92M | ($109M) | 6.4x | - | (5.4x) | - | |||
| $16B | ($9M) | 0.1x | 5.5x | (125.1x) | 125.4x | |||
This data is available for Pro users. Sign up to see all Binance.US competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Binance.US
| When was Binance.US founded? | Binance.US was founded in 2019. |
| Where is Binance.US headquartered? | Binance.US is headquartered in San Francisco, CA, United States. |
| Is Binance.US publicly listed? | No, Binance.US is a private, VC-backed company. |
| What is Binance.US's valuation? | Binance.US was last valued at $4.7B in its seed round in April 2022. |
| How much funding has Binance.US raised? | Binance.US has raised $200M across 1 funding round. |
| What was Binance.US's last funding round? | Binance.US's last funding round was a $200M seed round in April 2022. |
| Who are Binance.US's investors? | Binance.US's investors include Northern Light Venture Capital, RRE Ventures, Circle Ventures, Gold House, Standard Crypto, Gaingels, Original Capital, Foundation Capital, Karman Ventures, Mandeep Singh and 2 others. |
| Which companies are comparable to Binance.US? | Companies comparable to Binance.US include BlockFi, Tempo, Sorare, Anchorage Digital, Bullish and Sharplink. |
| How many companies has Binance.US acquired? | Binance.US has acquired 2 companies, including Yay and Voyager Digital. |
| What was the largest acquisition by Binance.US? | The $1B acquisition of Voyager Digital in December 2022 is the largest acquisition Binance.US has made to date. |
| How many companies has Binance.US invested in? | Binance.US has invested in 1 company, including Custodia Bank. |
| What was Binance.US's last investment? | In March 2021, Binance.US invested in Custodia Bank's $37M Series A alongside AP Capital Partners, Equity Management Associates, Eric Ly and 8 other investors. |
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