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Binance US acquires Voyager’s assets for $1.3 billion

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It is reported that Voyager has been approved by the court to sell its assets to Binance US at a price of US $1.3 billion. According to Reuters, as part of the…

Binance US acquires Voyagers assets for $1.3 billion

It is reported that Voyager has been approved by the court to sell its assets to Binance US at a price of US $1.3 billion. According to Reuters, as part of the acquisition, Binance US will also pay Voyager US $20 million in cash based on the purchase of customer digital assets. Voyager said that its customer assets were valued at $1.3 billion in February, accounting for the majority of the acquisition valuation. The financial adviser of Voyager said in the court earlier that the company needed up to four weeks to review the details of the Binance acquisition, during which time Voyager could still refuse the acquisition proposal. （forkast）

Voyager has obtained court approval to sell assets to Binance US at a price of 1.3 billion US dollars

Analysis based on this information:


Binance US, the American branch of the world’s largest cryptocurrency exchange, has been given the green light by the court to purchase the assets of Voyager, a crypto trading app, for a whopping $1.3 billion. The acquisition involves Binance US paying Voyager $20 million in cash for customer digital assets, which were valued at the same amount earlier this year.

This move by Binance US is set to bolster its position in the US market, where it has been experiencing stiff competition from other players such as Coinbase and Kraken. It also expands Binance’s range of services, as Voyager’s app offers features such as commission-free trading, high-interest accounts, and investment opportunities across multiple assets.

The acquisition comes at a time when regulators in the US are paying closer attention to crypto exchanges, and the purchase of Voyager by Binance US is likely to lead to stricter scrutiny of both companies. However, the move may also pave the way for more consolidation within the crypto industry as more players look to expand their market share and diversify their offerings.

Voyager’s financial adviser has stated that the company will take up to four weeks to review the details of the acquisition, during which time it is still possible for Voyager to refuse the proposal. Given the high valuation of the deal, Voyager may choose to either negotiate better terms or consider other offers from potential buyers.

In conclusion, the acquisition of Voyager by Binance US for $1.3 billion marks a significant development in the crypto industry, as it signals both consolidation and expansion of the market. The move also comes at a time when regulators are stepping up scrutiny of crypto exchanges, which is likely to impact both companies in the longer term. Meanwhile, investors and traders are keenly watching developments in the sector, which has been marked by rapid change and volatility.

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