Binance and FTX make bids to buy Voyager Digital as Coinbase pulls out of deal

Until now, U.S. exchange Coinbase was the frontrunner in the race to buy the assets of bankrupt crypto-currency lender Voyager Digital.

However, after evaluating the deal and how it compares to its interests, Coinbase pulled out of the deal. But sources say the troubled lender is also attracting some of the biggest names in the crypto space. Crypto-currency exchanges like Binance and FTX are also reportedly interested in Voyager Digital.

All bids for Voyager’s assets are due on September 6. But the final sale will be through an auction process scheduled for later on September 29.

VGX token increases by 63%.

Meanwhile, Voyager Digital’s native token, VGX, has soared. This follows the release of the news, Binance and FTX interests. VGX is up more than 63% and is trading at $0.4518, according to data from CoinMarketCap.

It might also be worth mentioning that, according to a presentation by the company’s lawyers in early August, at least 22 other investors have expressed interest in buying Voyager’s assets. But it certainly gets more interesting with companies like Binance and FTX in the mix. That’s evident from the recent spike in VGX’s price.

Binance and FTX show interest in Voyager Digital

According to sources who claim to know the situation from the inside, Binance is aiming to buy Voyager. Although the exchange has a non-disclosure policy and would only make announcements once they are made.

Nevertheless, in an interview with The New York Times published last week, Binance CEO Changpeng Zhao admitted that discussions are underway with Voyager. He also mentioned that his company is in talks with bankrupt Celsius Network for a possible purchase. His statement simply read:

“Our team is engaged in all of these conversations.”

For FTX, the exchange made a public offer in July. Voyager’s lawyers have criticized the terms of that offer. Yet sources familiar with the matter maintain that FTX remains in the running, and would do anything to secure Voyager’s assets.