Binance.US CEO: Exploring opportunities to acquire other distressed assets, there are still hundreds of millions of dollars in liquid assets

According to Bloomberg, after Binance.US agreed to acquire Voyager Digital’s bankruptcy assets for $1.022 billion, Binance.US CEO Brian Shroder said that he is exploring more opportunities to acquire other distressed assets. “As we focus on growth, we are Preparing data for many other meaningful assets, we are learning about these transactions, and we are also looking at several companies that are currently in trouble.” Shroder added that the purpose of any M&A deal is to attract new users and assets to the Binance.US platform, as well as to add technologies, products or services that it does not currently have. No amount has been earmarked for the acquisition, and the exchange still holds "hundreds of millions of dollars in liquid assets" as it grows, he said. Foresight News reported yesterday that Binance.US will acquire Voyager assets for $1.022 billion, and the transaction will be completed immediately after the bankruptcy court approves the bankruptcy plan.