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Binance US hires former DOJ official as head of legal

Binance US has hired Krishna Juvvadi as vice president and head of legal, the crypto exchange operator announced on Thursday. Juvvadi has joined Binance US from Uber, where he served as global head of operations compliance. He also worked for the US Department of Justice’s Civil Rights Division as a trial attorney early in his career. At Binance US, Juvvadi will lead the day-to-day operations of the company’s legal department. He will report to Norman Reed, who joined Binance US …

Binance.US obtains money transmitter license in Puerto Rico

The Puerto Rico Office of the Commissioner of Financial Institutions has granted Binance.US a money transmitter license, the company announced on April 19. “Puerto Rico, in particular, is an important market for the growth of crypto and we look forward to continuing to offer its residents secure, reliable, and low-fee access to a robust selection of tokens,” Binance.US CEO Brian Shroder said in a statement.  Puerto Rico has gained a reputation as a crypto hub over the past few years, with …

Gulf Energy makes investment in Binance.US and BNB as part of JV

An energy company in Thailand owned by billionaire Sarath Ratanavadi today announced investments in Binance.US and BNB tokens. Gulf Energy Development Public Company Limited said in a regulatory filing on April 18 that it had, through a subsidiary, made an investment in “series seed preferred stock” issued by BAM Trading Services Inc., operator of Binance.US. The exchange announced a $200 million raise at a $4.5 billion valuation on April 6. Per a separate filing on April 18, Gulf Energy has …

Binance.US raises over $200 million at a $4.5 billion pre-money valuation

Binance.US, the American affiliate of global crypto exchange Binance, has closed its inaugural funding round after months of seeking it. The firm has raised over $200 million in a seed round at a pre-money valuation of $4.5 billion. Investors included RRE Ventures, Foundation Capital, Original Capital, VanEck, Circle Ventures, Gaingels and Gold House. There was no lead investor for the round. The round comes seven months after Binance CEO Changpeng Zhao said in August that Binance.US had expected to close …