Voyager Digital. The company was obliged to buy out the assets of Voyager for $1.85 million, but Binance US did not fulfill this agreement. Instead, the cryptocurrency exchange has prioritized its own expansions and partnerships.
- This news is a confirmation that Binance US is prioritizing its own expansions and partnerships. The company has agreed to expand its partnership with Silvergate Bank to introduce new opportunities for using stablecoins. In addition, the exchange has launched its own token, Binance USD (BUSD), which is linked to the US dollar and is designed to simplify cryptocurrency transactions.
The rejection of the deal with Voyager came as a surprise to many, but it will allow Binance US to focus on developing its own projects and partnerships. In addition, it shows that amid the growing competition in the cryptocurrency exchange market, companies should be selective about their strategies and partnerships.