The cryptocurrency trading platform Voyager has announced that their asset purchase agreement with Binance.US has been terminated.
What are the details of the agreement?
As a result of their agreement with the US government, Voyager had obtained approval to sell their assets to Binance.US for a value of 1 billion dollars. This agreement had been previously halted due to regulatory issues in the US, but was allowed to continue as a result of the decision by bankruptcy judge Michael Wiles.
You can read the details of the agreement in our latest article.
However, the deal was terminated today.
The news was announced via Twitter in a letter Voyager Digital received today.
The termination of the agreement had caused disappointment, but our plan for Chapter 11 involves enabling direct distribution of cash and cryptocurrencies to customers through the Voyager platform.Voyager Digital
The termination of the agreement with Binance.US may have been a setback for Voyager Digital, but the company appears to be committed to providing value to its customers. Direct distribution of cash and cryptocurrencies through Voyager is said to prevent any disruptions for customers.
A statement was made on the subject from the official twitter account of Binance.US
They announced that they have made the decision to terminate their agreement with Voyager due to the hostile and uncertain regulatory environment in the United States, which has created an unpredictable business environment affecting the entire American business community.
They also stated that they are focused on creating a secure platform where their customers can participate in the digital asset economy.