![]() ![]() The collapse has fanned fears about the future of the crypto industry after FTX outlined a "severe liquidity crisis". Describe your request and tap the three arrows on the bottom right to retrieve relevant support center articles. Youll initially be connected to our virtual assistant. Tap the Chat (headset icon) on the top of the screen 4. 5, 2023.įTX filed for bankruptcy last month and Bankman-Fried stepped down as chief executive, after traders pulled billions from the platform in three days and rival exchange Binance abandoned a rescue deal. Tap the User Profile icon on the top left corner of the app homepage 3. Download the App here: Binance.US iOS App Binance.US is a fast and efficient marketplace providing access and trading across a diverse selection of digital assets. Voyager said on Monday it will seek Bankruptcy Court approval for the deal with Binance.US at a hearing on Jan. Updated Fellow Binancians, Binance.US is excited to announce that the Binance.US iOS App (V1.0) has been officially listed on the Apple App Store. In September, Voyager Digital said FTX won an auction for its assets, in a bid valued at about $1.42 billion after Voyager filed for Chapter 11 bankruptcy protection in July. ![]() Its swift fall has also sparked tough regulatory scrutiny of how major exchanges hold user funds. However, the bigger blow came after larger crypto exchange FTX filed for bankruptcy protection last month. The slump has eliminated key industry players such as Three Arrows Capital and Celsius Network. Nearly $2 trillion in value has been wiped out from the crypto sector this year on rising interest rates and exacerbating worries of an economic downturn. The purchase price comprises $20 million and repayments to Voyager's customers, while most of the $1 billion valuation consists of debt Voyager owes to clients. Traders on Coinbase Pro shifted 1.7 billion in the past 24 hours on Kraken, 774 million and on Gemini, 97 million. and Binance are both cryptocurrency exchanges that offer a variety of products such as lending, loans, staking, wallets, and cards. This also makes Binance.US far smaller than other leading US exchanges. Palo Alto, California-based Binance.US, which operates as an independent legal entity and has a licensing agreement with, will make a $10 million deposit and reimburse Voyager for certain expenses up to $15 million. By comparison, Binance.US has a daily volume of 89 million, as of this writing, making Binance.US the smaller fish by over 90x. ![]() Dec 19 (Reuters) - Crypto firm Voyager Digital Ltd said on Monday it will sell its assets to Binance.US in a deal valued at about $1 billion following a review. ![]()
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