Binance US is preparing to re-bid Voyager assets. Previously, FTX, which beat Binance, reached an agreement with Voyager Digital in September.

According to CoinDesk citing people familiar with the matter, Binance.US is preparing to re-bid the assets of Voyager Digital, a bankrupt crypto lending platform.

The auction finally completed around the end of September with FTX US beating rivals Wave Financial and Binance to win the Voyager auction. In the previous bid, as Binance revealed due to national security concerns, Binance’s bid for Travel in the United States was rejected.

On the same day on November 11, after crypto exchange FTX filed for bankruptcy, Voyager announced that it would restart the bidding process for its assets. Wave Financial and the Cross Tower trading platform are reported to be live.

At a time when the market is grappling with the far-reaching effects of the FTX bankruptcy, the Binance CEO has also announced his exchange is setting up an industry recovery fund to help rebuild the industry.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Website: coincu.com

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News

Binance US Reboots Bidding For Voyager Digital

Binance US is preparing to re-bid Voyager assets. Previously, FTX, which beat Binance, reached an agreement with Voyager Digital in September.

According to CoinDesk citing people familiar with the matter, Binance.US is preparing to re-bid the assets of Voyager Digital, a bankrupt crypto lending platform.

SCOOP: @BinanceUS is said to be preparing a bid for bankrupt crypto lender Voyager, according to a source. By @IanAllison123https://t.co/7o0bsDjQbY

— CoinDesk (@CoinDesk) November 17, 2022

The auction finally completed around the end of September with FTX US beating rivals Wave Financial and Binance to win the Voyager auction. In the previous bid, as Binance revealed due to national security concerns, Binance’s bid for Travel in the United States was rejected.

On the same day on November 11, after crypto exchange FTX filed for bankruptcy, Voyager announced that it would restart the bidding process for its assets. Wave Financial and the Cross Tower trading platform are reported to be live.

At a time when the market is grappling with the far-reaching effects of the FTX bankruptcy, the Binance CEO has also announced his exchange is setting up an industry recovery fund to help rebuild the industry.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Website: coincu.com

Foxy

CoinCu News

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