bitcoin
Bitcoin (BTC) $ 16,952.19
ethereum
Ethereum (ETH) $ 1,265.62
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 291.79
usd-coin
USD Coin (USDC) $ 1.00
binance-usd
Binance USD (BUSD) $ 0.999913
xrp
XRP (XRP) $ 0.395642
dogecoin
Dogecoin (DOGE) $ 0.101692
cardano
Cardano (ADA) $ 0.323892
matic-network
Polygon (MATIC) $ 0.914655
polkadot
Polkadot (DOT) $ 5.55
staked-ether
Lido Staked Ether (STETH) $ 1,251.04
okb
OKB (OKB) $ 21.92
shiba-inu
Shiba Inu (SHIB) $ 0.000009
litecoin
Litecoin (LTC) $ 75.99
dai
Dai (DAI) $ 1.00
tron
TRON (TRX) $ 0.054066
solana
Solana (SOL) $ 13.49
uniswap
Uniswap (UNI) $ 6.17
avalanche-2
Avalanche (AVAX) $ 13.71
chainlink
Chainlink (LINK) $ 7.33
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 16,926.13
leo-token
LEO Token (LEO) $ 3.80
cosmos
Cosmos Hub (ATOM) $ 10.21
ethereum-classic
Ethereum Classic (ETC) $ 19.53
monero
Monero (XMR) $ 146.12
the-open-network
The Open Network (TON) $ 1.80
stellar
Stellar (XLM) $ 0.087410
bitcoin-cash
Bitcoin Cash (BCH) $ 110.99
quant-network
Quant (QNT) $ 130.18
algorand
Algorand (ALGO) $ 0.240645
crypto-com-chain
Cronos (CRO) $ 0.064314
filecoin
Filecoin (FIL) $ 4.48
apecoin
ApeCoin (APE) $ 3.94
near
NEAR Protocol (NEAR) $ 1.69
vechain
VeChain (VET) $ 0.019271
hedera-hashgraph
Hedera (HBAR) $ 0.048151
internet-computer
Internet Computer (ICP) $ 4.18
flow
Flow (FLOW) $ 1.09
terra-luna
Terra Luna Classic (LUNC) $ 0.000179
elrond-erd-2
MultiversX (Elrond) (EGLD) $ 43.96
frax
Frax (FRAX) $ 1.00
trust-wallet-token
Trust Wallet (TWT) $ 2.42
eos
EOS (EOS) $ 0.927946
tezos
Tezos (XTZ) $ 1.01
the-sandbox
The Sandbox (SAND) $ 0.585827
aave
Aave (AAVE) $ 63.75
chiliz
Chiliz (CHZ) $ 0.167882
theta-token
Theta Network (THETA) $ 0.894608
huobi-token
Huobi (HT) $ 6.80

CrossTower eyeing further crypto acquisitions outside of Voyager bid

0

- Advertisement -



Crypto exchange CrossTower Inc., which is currently bidding for the assets of Voyager Digital, is reportedly window shopping for other crypto company acquisitions. 

In a Nov. 24 Bloomberg report, CrossTower CEO Kapil Rathi revealed that the company is looking to pick up firms with a “good set of customers” and a “good balance sheet” despite the current bear market, stating:

“We’re in a great place to either acquire entities who have a good set of customers with them and a good balance sheet […] so we are openly looking at different types of companies from an organic growth perspective.”

In September, CrossTower was one of the companies reported to be competing to acquire the assets of bankrupt crypto lender Voyager Digital, along with FTX and Binance.

FTX Trading eventually became the winner of the Voyager bid on Sept. 27 with the sale valued at $1.4 billion.

However, with the exchange filing for bankruptcy filing on Nov. 11, Voyager reopened the bidding process and a new revised offer came from CrossTower on the same day.

“We are working on a revised offer that we feel will benefit the Voyager customers and the wider Crypto community. CrossTower has always been, and will continue to be, very community-focussed,” a spokesperson told Cointelegraph at the time, without specifying an amount.

While CrossTower has still yet to disclose any details on its latest bid for Voyager, CrossTower president Kristin Boggiano stated that Voyager’s small $3 million FTX investment wouldn’t play a factor in a potential sale for the lending platform.

CrossTower also stated that it has “minimal exposure” to FTX-related investments.

Other companies back in line to buy out Voyager’s assets include Binance and blockchain-focused venture capital firm Wave Financial, who had also expressed interest in the initial auction for Voyager’s assets in September.

Related: Voyager’s auction did not serve depositors’ best interests, alleges Wave Financial rep

In light of recent events with FTX, Boggiano stated that the firm has now placed an extra emphasis on companies that are highly transparent and compliance-focused:

“There’s an opportunity in this market to provide a compliance focused platform and to bring the transparency and trust that people have been hoping for.”

However, Rathi said the trading platform’s risk appetite to buy out companies has leveled off with the firm looking to adopt a slightly more cautious approach over the short to mid-term.

CrossTower is a United States crypto asset exchange that was founded in 2019. It’s a relatively small exchange with only $103,816 in trading volume over the last 24 hours with 13 spot markets, according to CoinMarketCap. 



Source link

- Advertisement -

Leave A Reply

Your email address will not be published.

Shares