March 30, 2023

Binance US Approved to Acquire Voyager Digital’s Assets Despite SEC Objections

Binance US has been given the green light to acquire the assets of bankrupt crypto broker Voyager Digital, despite objections from the US Securities and Exchange Commission (SEC). The deal will see Binance US take over Voyager’s distressed assets and handle the return of funds to the company’s customers.

Binance US is the American affiliate of Binance, the world’s largest crypto exchange. While it claims to operate independently from its parent company, this has been called into question during Voyager’s bankruptcy process.

The SEC initially filed an objection to the deal in January, citing concerns over the financial viability of Binance US’s business. Other regulatory agencies, including the Federal Trade Commission, also raised objections.

Despite these objections, a bankruptcy judge has now approved the sale of Voyager’s assets to Binance US. The move is seen as a significant step forward for Binance US, which has been looking to expand its presence in the US market.

The acquisition of Voyager’s assets will give Binance US access to a range of new customers and trading opportunities. It will also help to strengthen the company’s position in the highly competitive US crypto market.

While the SEC’s objections may have slowed down the acquisition process, they have not stopped it altogether. Binance US is now set to move ahead with its plans to acquire Voyager’s assets and continue its expansion in the US market.

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