Crypto Exchanges Binance and FTX Have Both Bid Roughly $50M for Voyager’s Assets: Report

Both Binance and FTX have bid roughly $50 million for the assets of insolvent crypto lender Voyager Digital, according to sources familiar with the matter who spoke to the Wall Street Journal.

Binance’s current bid is slightly higher than FTX’s, according to the sources.

CoinDesk previously reported that FTX and Binance were in the hunt to acquire Voyager's assets in the bankruptcy auction, which was held last week in New York. Final results of the auction are expected to be announced on Sept. 29, although an announcement could come earlier.

Read more: FTX Is in the Lead to Buy Crypto Lender Voyager Digital’s Assets Out of Bankruptcy: Source