Binance Is Not Buying Voyager Crypto Lender

Binance Is Not Buying Voyager Crypto Lender

According to the latest news, it seems that Binance is not buying the crypto lender Voyager anymore. Check out the latest reports below.

Binance ditches plans to buy Voyager

The US subsidiary of leading crypto exchange Binance is backing out of the $1.3 billion deal to acquire the assets of bankrupt crypto lender Voyager Digital.

Just last month, you may recall that a bankruptcy court gave Binance.US and Voyager the green light to push through with the sale after ruling against the argument of the U.S. Securities and Exchange Commission (SEC) that parts of the agreement could violate securities laws.

In a new statement, Binance.US announced that it is calling off the asset purchase agreement. The crypto exchange was citing regulatory uncertainties.

“Binance.US has made the difficult decision to exercise its right to terminate the asset purchase agreement with Voyager.”

The notes continued and said the following:

“While our hope throughout this process was to help Voyager’s customers access their crypto in kind, the hostile and uncertain regulatory climate in the United States has introduced an unpredictable operating environment impacting the entire American business community. We are focused on creating a safe platform where our customers can participate in the digital asset economy.”

It’s been just revealed the fact that the chief exec of the world’s largest cryp[to exchange platform by volume said that the crypto industry requires more DEXs. Check out the latest reports below.

Crypto space needs more DEXs

In a recent thread, Binance CEO Changpeng Zhao says that even though DEXes can be flawed and he runs a massive centralized crypto exchange (CEX). He believes decentralized crypto-swapping platforms are exactly what the industry needs.

“We need more DEXs. PancakeSwap has most of the users. Uniswap has most of the TVL [total value locked]. That’s still ‘too centralized’… (I know, imagine that coming from me.) Need more options.”


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