April 26, 2024

The media called Binance and FTX contenders for the assets of Voyager Digital

The media called Binance and FTX contenders for the assets of Voyager Digital

Bitcoin exchanges Binance and FTX lay claim to the assets of crypto broker Voyager Digital, while Coinbase refusedpotential deal. CoinDesk writes about this, citing informed sources.

Applications for participation in the auction scheduled for September 29 are accepted until September 6. According to the August 4 presentation, 22 firms showed interest.

According to sources, Binance is making efforts to buy institutional assets. The exchange refused to confirm or deny its participation in the auction, citing company policy. 

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

In turn, FTX remains among the contenders. Prior to this, the exchange received a refusal on its proposal 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 came to the conclusion that “[crypto broker’s] financials are not beating.”

Let us remind you that on July 5, Voyager Digital filed for bankruptcy. The company indicated total liabilities ranging from $1 billion to $10 billion.  

Earlier, the US authorities demanded that the crypto broker remove references to the FDIC protection of deposits.

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