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Seeking Alpha 2022-12-02 21:17:41

Crypto trading platform INX sends bid for Voyager Digital's assets

Crypto trading platform INX has submitted a bid on Friday to tentatively acquire the distressed assets of crypto lender Voyager Digital ( OTCPK:VYGVQ ), which filed for Chapter 11 bankruptcy protection in July. The company is joining crypto exchange Binance in a bidding war for Voyager's ( OTCPK:VYGVQ ) assets. Voyager reopened bidding in November after its bailout deal with crypto exchange FTX US, the American arm of FTX, fell through following the latter's bankruptcy. "We believe that INX can offer the right combination of credibility, technology, and unique regulatory positioning to protect Voyager customers and creditor interests - giving them the stability they are looking for," said INX CEO Shy Datika. INX's INX.One regulated platform, in an effort to reshape traditional financial markets with decentralized finance (DeFi) capabilities, enables trading, issuing, minting, and instant settlement of security tokens and cryptos. Previously, (Nov. 17) Binance reportedly stepped back into bidding for Voyager Digital.

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