On September 6, all bids for the purchase of insolvent crypto lender Voyager Digital’s assets are due to be considered. The fallen crypto lending platform has drawn official interest from reportedly 22 different companies and entities, including the likes of Binance, FTX and Coinbase. Most recently a Coinbase representative was quoted as reporting the publicly traded company would not be submitting an official offer based on their research of the numbers. The Voyager bankruptcy has been amongst the most closely followed blockchain news over the past few months.
Where Is Interest In Voyager Digital Assets Coming From Most?
Binance, the largest cryptocurrency exchange in the world, has confirmed conversations with Voyager Digital over acquiring the company’s assets. Binance chief Changpeng Zhao confirmed being contacted not only by Voyager Digital, but also by the recently bankrupted Celsius network. Binance is said to be one of the front runners in the conversation, and positioned well enough to be able to come to a feasible agreement to be able to reasonably make the acquisition if terms are reached.
Also in the conversation is another top cryptocurrency exchange and platform. FTX, the platform founded and operated by another industry leader, Sam Bankman-Fried, is also interested in potentially acquiring the Voyager Digital assets being liquidated. If a bid is required to reach a consensus for the sale, it would be conducted on September 29 to consider the winner of the bid. FTX is said to be extremely interested, even though the network made a public offer weeks ago which was also publicly refused.
Gathering Momentum In The Bear Market
Through much of 2022, as the cryptocurrency market, in accordance with similarities across other globally traded markets, has experienced quite a downtrend. During this time networks such as Binance and FTX have displayed the vision and plan of accumulation. Both platforms have made intentional moves to fortify positions as top crypto spot trading exchange platforms, and other parallel moves and acquisitions in and throughout the crypto industry to strengthen their respective networks.
Discussions over the acquisition of digital assets such as those being sold off by Voyager only looks to be more opportunity for the large players during a time which many in the crypto industry see as a deeply discounted market in many instances. It can certainly be said that it is a known sentiment in trading and investing, that visionaries will be the ones to build and capitalize from the building of the business and financial landscapes of tomorrow.
Final Days Leading Up To The Sale Of Voyager Assets
Due to parameters set out in the legal agreement governing the handling of the Voyager bankruptcy case, the company is not at liberty to discuss the details of any offers being officially submitted by the September 6 due date. Until that time, the 22 companies already said to be in talks with Voyager representatives over the purchase of the company’s digital assets, along with any other well-positioned entities are able to formally structure and adjust any intended offer.
