Crypto exchange FTX US has beaten Binance and CrossTower in a bid to purchase the assets of the bankrupted crypto brokerage company, Voyager Digital. The deal is worth a little over $1.4 billion.
Back in July, Voyager was one of the many companies that ran into trouble due to the harsh crypto winter. Specifically, the unreturned $650 million loan to Three Arrows Capital then pushed Voyager over the edge.
Following its bankruptcy, the users were left wondering what will happen to their assets held by Voyager. While additional official information is yet to be released, we do know that Voyager’s customers will now be able to trade and hold crypto on FTX US.
In addition, prior to the purchase, FTX’s CEO Sam Bankman-Fried stated that Voyager users would transition to FTX and receive a portion of their assets back if the deal went through. Therefore, while it’s still too early to celebrate, Voyager’s customers will likely have a reason to do so very soon.
Crypto Ping Pong Digest
Trash style news. You will definitely like