Binance, the world’s largest cryptocurrency exchange in terms of daily trading volume, will add millions of dollars of SHIB to its portfolio due to an investment. Here are the details…
Adding more SHIBs to Binance portfolio
cryptocoin.com As we reported, Binance’s US arm, Binance.US, announced that it has acquired bankrupt crypto broker Voyager Digital. After this development, it turned out that the Shiba Inu (SHIB) will increase its position by tens of millions of dollars. According to data shared by Nansen, the bankrupt cryptocurrency broker has $76 million worth of SHIB tokens in his wallets. According to Nansen, Voyager Digital’s total assets are worth $579 million. The Shiba Inu accounts for 13.1 percent of Voyager’s $579 million assets.
The leading meme coin ranks as Voyager’s third-largest crypto asset by dollar value. The data also shows that Ethereum (ETH) is Voyager’s largest asset by dollar value, with a valuation of $255 million. The second largest asset is USDC, worth $81.7 million. USDC is a stablecoin pegged to the US dollar. With the Shiba Inu ranked as the third largest crypto asset held in Voyager’s wallets, the prominent dog-themed token ranks ahead of Voyager (VGX), Polygon (MATIC), Chainlink (LINK), and Avalanche (AVAX).
Exchange buys Voyager assets
Earlier this week, Binance.US won the bid to effectively bail out Voyager. He then bought the assets of the bankrupt cryptocurrency broker for over $1 billion. It’s worth noting that the auction to buy Voyager’s assets was previously won by embattled cryptocurrency exchange FTX, shortly before its collapse. FTX was the winner of the auction after the notorious exchange bid for $1.4 billion earlier this year.
However, the deal fell through after FTX faced liquidity problems, causing the exchange to file for bankruptcy. Following the fall of FTX, Binance CEO and founder Changpeng Zhao announced that Binance US will bid for Voyager’s assets. Voyager stated in a press release on Dec. 19 that Binance USA made the highest and best bid for its assets in a $1.02 billion deal.
Another important news for SHIB investors
Meanwhile, regardless of Binance, SHIB has some good news for investors. Hero Wallet, a Web3 decentralized wallet, has recently integrated a Guardarian payment solution to enable its users to instantly buy and sell Shiba Inu and hundreds of other cryptocurrencies using a debit card. Through this partnership, Guardarian will provide Hero Wallet users with more than five payment options to seamlessly process crypto payments at zero extra cost.
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