By Senad Karaahmetovic
The U.S. arm of Binance, the world's largest crypto exchange, has announced today it will acquire the assets of Voyager Digital (OTC:VYGVQ). Binance.US was selected highest and best bid in Voyager’s reopened bankruptcy asset auction, according to the company's CEO Brian Schroder.
Binance.US' winning bid is reported at $1.022 billion.
"Once the deal is completed, Voyager users will finally be able to access their digital assets on the https://Binance.US platform," Schroder wrote in a tweet.
FTX, which spectacularly collapsed in November, initially agreed to acquire Voyager's assets in a deal worth $1.4 billion. Voyager's customers have been unable to get their funds out since the firm paused withdrawals. Crypto lender filed for bankruptcy in July this year.
Binance CEO Changpeng Zhao told Bloomberg that his exchange will make another bid for Voyager after FTX's collapse.
Earlier this year, Binance.US closed its $200 million seed round at a $4.5 billion valuation.
"We hope our selection brings to an end a painful bankruptcy process which saw customers unfairly dragged into it at no fault of their own. Upon close of the deal, users will be able to seamlessly access their digital assets on the Binance.US platform where they will continue to receive future disbursements from the Voyager estate," Schroder said in a blog post.