Voyager has obtained court approval to sell assets to Binance US at a price of 1.3 billion US dollars

It is reported that Voyager has been approved by the court to sell its assets to Binance US at a price of US $1.3 billion. According to Reuters, as part of the acquisition, Binance US will also pay Voyager US $20 million in cash based on the purchase of customer digital assets. Voyager said that its customer assets were valued at $1.3 billion in February, accounting for the majority of the acquisition valuation. The financial adviser of Voyager said in the court earlier that the company needed up to four weeks to review the details of the Binance acquisition, during which time Voyager could still refuse the acquisition proposal. （forkast）

Interpretation of this information:

Voyager, a cryptocurrency brokerage firm, has been given court approval to sell its assets to Binance US for a price of $1.3 billion. As part of the acquisition, Binance US has agreed to pay Voyager $20 million in cash based on the purchase of customer digital assets. Voyager’s customer assets were valued at $1.3 billion in February, making up the majority of the acquisition’s valuation. The court had stated that Voyager had up to four weeks to review the details of the acquisition and refuse the proposal if necessary. If everything goes according to plan, the deal between Binance US and Voyager looks set to create the largest publicly traded cryptocurrency brokerage company in the US.

The news of the acquisition signals a growing interest in the cryptocurrency market by established players. With the adoption of cryptocurrencies on the rise, more companies are looking to make a profit by entering the market. In this case, Binance US is looking to capitalize on Voyager’s existing customer base, which has consistently grown over the years. By acquiring Voyager’s assets, the company will have access to a massive pool of customers and digital assets that they can use to boost their own growth.

The news of the acquisition is also a sign that the cryptocurrency market is maturing. As more institutional investors pour money into the market, mergers and acquisitions are becoming more common place. The acquisition of Voyager by Binance US shows that established players are willing to invest significant sums of money into the market in order to grow their own presence.

In conclusion, the Binance US acquisition of Voyager’s assets is a significant development in the cryptocurrency market. The move shows that established players are willing to invest significant sums of money into the market in order to grow their own presence. It also signifies that mergers and acquisitions in the cryptocurrency market are becoming more common.