The media called Binance and FTX contenders for the assets of Voyager Digital

The media called Binance and FTX contenders for the assets of Voyager Digital

Media names Binance and FTX as bidders for Voyager Digital assets

Bitcoin exchanges Binance and FTX bid for Voyager Digital assets, while Coinbase pulled out of a potential deal. This was reported by CoinDesk, citing informed sources.

Applications for participation in the auction scheduled for September 29 are accepted until September 6. According to the August 4 presentation, 22 firms showed interest.

Binance is making efforts to buy institutional assets, sources said. The exchange declined to confirm or deny its participation in the auction, citing company policy. 

On August 18, in an interview with The New York Times, CEO Changpeng Zhao announced negotiations with Voyager Digital, which made a similar request.

In turn, FTX remains among the contenders. Prior to this, the exchange received a refusal on its proposal to restructure the crypto broker. Representatives of the company declined to comment.

According to the media, Coinbase withdrew from the list of potential buyers after its employees concluded that “the financial performance of [cryptobroker] is not beating.”

Recall that on July 5, Voyager Digital filed for bankruptcy. The company indicated total liabilities in the range from $1 billion to $10 billion.  

Earlier, the US authorities demanded that the crypto broker remove references to FDIC protection of deposits.

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