Binance.US announces deal to acquire assets of bankrupt crypto firm Voyager

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Nick Barclay / The Verge

Binance.US has entered an agreement to acquire the assets of the insolvent cryptocurrency brokerage Voyager, as earlier reported by CNBC. In a press release on Binance.US’s site, the California-based company says the move should free up customer funds that have been locked up in the bankrupt Voyager Digital.

Binance.US, which is led by CEO Brian Shroder, is only available to users in the US and remains a separate entity from the international trading platform Binance, owned by Changpeng (CZ) Zhao.

Voyager says the Binance.US bid is worth just over $1 billion, which is an estimate of the value of Voyager’s crypto profile plus an additional $20 million in consideration. As part of the agreement, Binance.US will make a $10 million deposit…

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Author: Emma Roth