DigitalMoneyBox Signal Desk
DigitalMoneyBox Crypto market intelligence
Browse sections
Cryptocurrency Cryptonews

Binance Abandons $1 Billion Voyager Deal, Blames Challenging US Regulations

Binance.US has pulled out of the $1.3 billion deal to buy bankrupt crypto lender Voyager Digital, citing a "hostile" regulatory climate in the United States. In a Tuesday tweet, the US arm of cryptocurrency exchange Bina...

38 /100
Market signal

Archive context

Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

Binance Abandons $1 Billion Voyager Deal, Blames Challenging US Regulations
Binance.US has pulled out of the $1.3 billion deal to buy bankrupt crypto lender Voyager Digital, citing a "hostile" regulatory climate in the United States. 
In a Tuesday tweet, the US arm of cryptocurrency exchange Binance revealed that it has exercised its right to terminate the asset purchase agreement with Voyager. It added:...
Read More: Binance Abandons $1 Billion Voyager Deal, Blames Challenging US Regulations

Why this matters

This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

Original source

Read on Cryptonews

Related market context