Binance US Explores Buying Other Distressed Assets

According to Bloomberg, after Binance.US agreed to acquire Voyager Digital’s bankruptcy assets for $1.022 billion, Binance.US CEO Brian Shroder said that he is exploring more opportunities to acquire other distressed assets. “As we focus on growth, we are Preparing data for many other meaningful assets, we are learning about these transactions, and we are also looking at several companies that are currently in trouble.”

Shroder added that the purpose of any M&A deal is to attract new users and assets to the Binance.US platform, as well as to add technologies, products, or services that it does not currently have. There’s no earmarked amount for acquisitions, and the exchange still holds “hundreds of millions of dollars in liquid assets” from its growth round, he said.

Foresight News reported yesterday that Binance.US will acquire Voyager assets for $1.022 billion, and the transaction will be completed immediately after the bankruptcy court approves the bankruptcy plan.


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