• Voyager Digital customers voted in favor of the restructuring plan to sell their assets to Binance.US with 97% of voters approving the deal.
• Over 59,000 users participated in the voting process which was handled by corporate restructuring firm Stretto and documented by Director Leticia Sanchez.
• The $1 billion deal between Voyager and Binance.US will see both businesses working together for a successful transition for all parties involved.
Voyager Digital Customers Vote To Sell Assets To Binance.US
More than 59,000 users agreed with Voyager’s plan to sell its assets to the American affiliate of crypto exchange Binance. Nearly all customers of bankrupt crypto broker Voyager Digital have voted in favor of the company’s plan to sell its assets to Binance.US, the American affiliate of the crypto giant. According to a Tuesday filing at the United States Bankruptcy Court for the Southern District Of New York, about 97% of Voyager’s account holders accepted the $1 billion deal with Binance.US.
Voting Process Handled By Stretto
The voting process was handled by the corporate restructuring firm Stretto and documented by Director Leticia Sanchez. According to Stretto, the voters were grouped into four, namely, Class 3 – Account Holder Claims, Class 4A – OpCo General Unsecured Claims, Class 4B – HoldCo General Unsecured Claims, and Class 4C – TopCo General Unsecured Claims. The ballots were released to voters on January 25 with a submission deadline of February 22. The restructuring company released both hard copies and virtual ballots in order for votes to be counted as valid they had to meet certain criteria set out by Solicitation and Voting Procedures including being properly completed, executed by Claim holder or authorized representative and received by Stretto before deadline date .
Voyager-Binance US Deal
The $1 billion deal between Voyager and Binance US will see both businesses working together for a successful transition for all parties involved allowing them access new markets but more importantly giving customers improved access , liquidity , security , services , speed and cost effectiveness when trading cryptocurrencies .
Benefits For Customers
Customers will benefit from an increase number of available trading pairs while also benefiting from lower fees due improved accessibility that comes alongside this partnership . Lower fee structure along with better customer service should lead higher satisfaction rates among those who trade cryptocurrency through these platforms .
Conclusion
This agreement is yet another example of how companies are looking towards partnerships between each other as way improve user experience when it comes trading digital assets . Overall this is great news as it further strengthens trust within cryptocurrency community making exchanges like this even more attractive than before .