Binance.US to Acquire Voyager Digital: Court Approves Acquisition of Bankrupt Firm
The crypto world is abuzz with news: Voyager Digital Ltd. won court approval to sell itself to Binance.US, the US arm of the world’s biggest crypto exchange, after four days of contentious bankruptcy hearings. This significant development marks a pivotal moment in the ongoing restructuring of Voyager Digital and underscores Binance's continued expansion in the US market.
The acquisition follows Voyager Digital's Back in July crypto broker Voyager Digital filed for bankruptcy citing the market conditions. An array of firms lined up to save Voyager from insolvency. Now-bankrupt Binance.US is set to buy bankrupt rival cryptocurrency exchange Voyager Digital’s assets for $1.022 billion, Voyager announced Monday. The bid is equal to the fair
Binance.US Victory Amidst SEC Scrutiny
Binance.US – the American subsidiary of Binance – has defeated the United States Securities and Exchanges Commission (SEC), paving the way for this critical acquisition. The American crypto exchange won the rights to acquire Bankrupt cryptocurrency lender Voyager Digital has agreed to sell its assets to Binance’s United States arm Binance.US for roughly $1.022 billion following the collapse of cryptocurrency
What This Means for the Future of Crypto
Binance, one of the leading crypto exchanges in the world, has Binance.US approved to acquire of assets of bankrupt crypto lender Voyager Digital. The acquisition of Voyager Digital signifies Binance's commitment to the US market and its strategic efforts to navigate the evolving regulatory landscape. This move could potentially reshape the competitive dynamics within the cryptocurrency exchange industry.