Binance US Explores Buying Other Distressed Assets After Voyager
- Aims to add new assets, users and capabilities through M&As
- Firm has ‘hundreds of millions of dollars’ in current assets
The booth for Binance cryptocurrency exchange at the Paris NFT conference.
Photographer: Benjamin Girette/BloombergThis article is for subscribers only.
Crypto exchange Binance.US is exploring more acquisition opportunities after agreeing to buy Voyager Digital’s assets out of bankruptcy in a deal valued $1.022 billion on Monday.
“We are in the data room for many other assets that make sense as we focus on growth,” said Binance.US Chief Executive Officer Brian Shroder in an interview. “We are learning about the deals. We are also looking at several firms that are in trouble right now.”