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Three crypto giants vying to buy Voyager Digital

[cryptodaily.co.uk]1 week ago
Three crypto giants vying to buy Voyager Digital

Binance, CrossTower, and Wave Financial are bidding once more for the grand prize of Voyager Digital and its assets.

Three crypto firms are in contact with Voyager Digital as they each try to offer a bid and terms that will be to the best advantage of the bankrupt crypto lending platform and its customers.

Binance makes an offer

Binance.US, the US arm of Binance, will make another offer after its initial offer was rejected in favour of FTX. Now that company is out of the reckoning Changpeng Zhao’s company will once again prepare a bid for Voyager.

Zhao has been prominent among those trying to bolster the crypto ecosystem after the massive implosion caused by FTX. He recently announced that his Web3 Industry Recovery Initiative would receive a further $1 billion to add to the $1 billion already pledged.

CrossTower seeks to benefit the wider crypto community

CrossTower is keeping its cards close to its chest, but the crypto trading company does say, according to CNBC, that its revised offer will “benefit both the customers and the wider crypto community.”

CNBC also reports that CrossTower wants to put together a crypto recovery fund along the same lines as Binance, but the company stresses that it is not there to compete with the Binance Web3 Industry Recovery Initiative.

Wave Financial wants to “reinvigorate $VGX”

On the minds of many Voyager investors is what will become of $VGX, the exchange token, which worked along similar lines as the Binance BNB token, offering discounts on trading fees among other utilities.

The Wave Financial bid takes this into account. Matteo Perruccio, president of international for Wave, said that his company’s former bid sought to reinvigorate the $VGX token.

He also shared with CNBC how to attract customers at a lower cost, saying:

“We also had some, I think, pretty clever ideas about how to bring traffic at a much lower cost of acquisition at a higher per customer balance, which were the two big problems at Voyager,”  

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

https://cryptodaily.co.uk/2022/11/three-crypto-giants-vying-to-buy-voyager-digital

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