Binance.US Won The Bid To Buy Assets of Voyager

Crypto firm Voyager, a broker that uses smart routing technology to facilitate crypto trades and pays monthly interest on crypto holdings, decided to sell it’s assets to Binance.US with a $1 bn deal.

California based Binance.US, operating independently legal entity having a license agreement with Binance.com making a $10 million downpayment and compensate Voyager for certain expenditures up to $15 million.

The biggest blow came after the FTX bankrupcy which made the headlines with its huge loss for the market. This fall sparked regulatory scrutinity on how major companies hold major funds.

After filing for Chapter 11 bankruptcy protection in July, Voyager Digital announced in September that FTX had won an auction for its assets in a bid valued at approximately $1.42 billion.

Voyager said on Monday that it will hear from Bankruptcy Court for the approval of the deal with Binance.US.

While these crypto deals keep on happening, crypto had a bad year with nearly $2 trillion in value has wiped out due to high interest rates and blowing scandals.