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Crypto

CrossTower Considers Own Crypto Fund Alongside Voyager Bid

  • Crypto exchange is ‘openly looking’ at buying promising firms
  • CrossTower’s bid for Voyager unaffected by FTX exposure
     

     

Photographer: Gabby Jones/Bloomberg

Crypto exchange CrossTower Inc. is considering further acquisitions beyond its bid for the assets of bankrupt crypto lender Voyager Digital, a deal revived this month after Voyager’s original buyer FTX Trading Ltd. itself filed for bankruptcy.

CrossTower is among several companies reviving or exploring new bids for Voyager. Asset manager Wave Financial is weighing up a return to the process after participating in the previous auction, a person familiar with the matter said, while the US arm of crypto exchange Binance is also said to be interested this time round, CoinDesk reported. Wave declined to comment.