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Announced

Binance terminated a $1bn acquisition of the crypto assets and customer deposits of Voyager Digital.

Financials

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Transaction Value£841m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Friendly

Single Bidder

Majority

Private

Acquisition

cryptocurrencies

Domestic

Payments / Commerce

Restructuring

United States

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Synopsis

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Binance, a cryptocurrency exchange which is the largest exchange in the world in terms of daily trading volume of cryptocurrencies, terminated the acquisition a $1bn acquisition of the crypto assets and customer deposits of Voyager Digital, a cryptocurrency brokerage. "The hostile and uncertain regulatory climate in the United States has introduced an unpredictable operating environment impacting the entire American business community. We are focused on creating a safe platform where our customers can participate in the digital asset economy," Binance.

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