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Binance and media called FTX compete for assets of Voyager Digital

  • August 26, 2022
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Bitcoin exchanges Binance and FTX have bid for assets of crypto broker Voyager Digital, while Coinbase has dropped a potential deal. CoinDesk writes about this, citing sources knowledgeable

Binance and media called FTX compete for assets of Voyager Digital

Binance and media called FTX compete for assets of Voyager Digital
Binance and media called FTX compete for assets of Voyager Digital

Bitcoin exchanges Binance and FTX have bid for assets of crypto broker Voyager Digital, while Coinbase has dropped a potential deal. CoinDesk writes about this, citing sources knowledgeable about it.

Applications for participation in the auction, which is planned to be held on September 29, are accepted until September 6. According to the August 4 presentation, 22 companies showed interest.

Sources said that Binance is making efforts to purchase institutional assets. The exchange refused to approve or deny its participation in the auction, citing company policy.

In an interview with The New York Times on August 18, CEO Changpeng Zhao announced negotiations with Voyager Digital, which made a similar request.

By contrast, FTX remains among the contenders. Prior to this, the exchange rejected the offer to restructure the crypto broker. Company representatives declined to comment.

According to the media, Coinbase withdrew from the list of potential buyers after its employees concluded “financial performance”. [криптоброкера] don’t fight.”

Recall that on July 5, Voyager Digital filed for bankruptcy. The company announced its total debts in the range of 1 billion to 10 billion dollars.

Previously, US authorities had requested that the crypto broker remove references to FDIC protection of deposits.

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Source: Fork Log

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