Binance.US secures license to offer cryptocurrency trading services in Puerto Rico

Binance.US, the U.S. division of cryptocurrency exchange Binance, has secured a license allowing it to offer account registration and verification services in Puerto Rico, according to a blog post Tuesday. The news comes shortly after the company raised $200M in its first funding round, valuing the company at $4.5B. Binance.US, through its licenses, said it now operates in 45 states and seven territories. "Our goal is to offer the most compliant and customer-centric exchange in all 50 states and territories, said Binance.US CEO Brian Shroder. "Puerto Rico, in particular, is an important market for the growth of crypto," he added. At the beginning of March, Binance took an equity stake in a Malaysian trading platform.