Binance US acquires Voyager Digital assets for $1b

The company announced the bid in a press release on Dec. 19. The purchase value is set at $1.022 billion with an incremental consideration of $20 million because the Toronto-based lending firm previously had a similar market value.

According to Binance, its primary goal is to “return users their cryptocurrencies on the fastest timeline possible.”

In a separate statement, revealed that Binance US acquired its firm so that it can seamlessly return the crypto to customers. The process will be carried out in line with existing court guidelines and platform capabilities.