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Binance and FTX Lead $50M Race to Purchase Voyager's Assets: Report

From decrypt.co

Crypto exchanges Binance and FTX have reportedly made the top bids of approximately $50 million each for the assets of the bankrupt crypto lending firm Voyager Digital. Binance’s current bid is slightly higher than that offered by FTX, according to a Tuesday report by the Wall Street Journal citing sources familiar with the matter. The WSJ's sources said that neither offer had been accepted yet. The auction for the New York-based firm’s assets began on September 13. Other bidders reportedly include digital asset manager Wave Financial and trading platform CrossTower. The winning bid is expected to be announced on ... (full story)

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  • Category: Fundamental Analysis