Coin-Miners - Crypto Currency Tracker logo Coin-Miners - Crypto Currency Tracker logo

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.

freebitcoin
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.