1. PixelPlaygroundHome
  2. Blockchain Briefs

Binance.US acquires Voyager as US Court confirms approval

• Blockchain Briefs • 167 views

On March 10, the official committee of unsecured creditors of Voyager said on Twitter that the United States court had confirmed the approval of the acquisitio…

Binance.US acquires Voyager as US Court confirms approval

On March 10, the official committee of unsecured creditors of Voyager said on Twitter that the United States court had confirmed the approval of the acquisition of Voyager by Binance.US, and allowed the debtor to switch to self-liquidation when the sale was not completed or the debtor decided not to continue the sale after consultation with the official committee of unsecured creditors.

Voyager creditors: oppose any appeal against the court’s approval of Binance.US acquisition

Analysis based on this information:


Voyager, a crypto brokerage firm, has confirmed its acquisition by Binance.US, as announced by the official committee of unsecured creditors. According to the Twitter announcement made on March 10, the United States court has approved the acquisition and also allowed the debtor to switch to self-liquidation, in case the sale is not completed or the debtor decides not to proceed with the sale after consulting with the official committee of unsecured creditors.

This news signifies that Binance.US has taken another step forward in cementing its position as a leading crypto exchange platform in the US market. Binance.US is a subsidiary of Binance, one of the world’s largest cryptocurrency exchanges that has expanded its services to various countries globally. The acquisition of Voyager, however, will be a remarkable milestone for Binance.US as the company moves towards establishing its presence in the US market.

Moreover, the US court’s confirmation of the acquisition shows that it meets all the legal requirements and has received approval from relevant authorities. This is a welcome development for both Binance.US and Voyager as the acquisition is expected to benefit both companies by raising their visibility and expanding their customer base.

The announcement of a self-liquidation option for the debtor is also noteworthy. It implies that Voyager would have the freedom to choose its course of action if the acquisition deal fails to materialize or if there are any unforeseen changes in the deal terms. The debtor can consult with the official committee of unsecured creditors and make an informed decision regarding the best course of action, which could include self-liquidation.

In conclusion, Binance.US’s acquisition of Voyager is a significant development for both companies and the crypto industry at large. The acquisition deal received the necessary court approvals and, in the event of unforeseen circumstances, the debtor has the option of switching to self-liquidation after consulting with the official committee of unsecured creditors. This news is likely to generate significant interest among investors, traders, and crypto enthusiasts.

This article and pictures are from the Internet and do not represent Fpips's position. If you infringe, please contact us to delete:https://www.fpips.com/8512/

It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.

Like (0)
Previous 03/10/2023 03:52
Next 03/10/2023 04:02

Recommended articles