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Cryptocurrencies: 23568
Markets: 87547
Market Cap: $2,314,487,603,853     
24h Vol: $90,584,931,213
Seeking Alpha 2022-11-17 12:32:55

Binance reportedly steps back into bidding for Voyager Digital

Binance reportedly steps back into bidding for Voyager Digital
The American arm of Binance, the world's largest cryptocurrency exchange, is preparing an offer for Voyager Digital ( OTCPK:VYGVQ ), after the bankrupt crypto lending platform reopened bidding for the firm, CoinDesk reported Thursday, citing a person familiar with the plans. Rival crypto exchange FTX had won the original auction for Voyager Digital ( OTCPK:VYGVQ ), but that fell apart when FTX filed for Chapter 11 on Nov. 11. Wave Financial and trading platform Cross Tower are also reported to be in the running for Voyager ( OTCPK:VYGVQ ), CoinDesk said. BinanceUS had lost out to FTX in the original bidding process. At the time, it was reported that there had been national security concerns about Binance acquiring the company. Last week, Binance said it has boosted its emergency insurance fund to $1B to adjust to crypto volatility.
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