The purpose for any M&A deal would be to drive new users and assets to the Binance.US platform, Shroder said, as well as adding technology, products or services it currently doesn’t have. There’s no earmarked amount for acquisitions, and the exchange still has “hundreds of millions of dollars in current assets” from its growth round, he said.
Crypto exchange Binance.US is exploring more acquisition opportunities after agreeing to buy Voyager Digital’s assets out of bankruptcy in a deal valued US$1.022 billion ($1.39 billion) on Monday.
“We are in the data room for many other assets that make sense as we focus on growth,” said Binance.US Chief Executive Officer Brian Shroder in an interview. “We are learning about the deals. We are also looking at several firms that are in trouble right now.”
