{"id":19049,"date":"2022-11-26T13:33:29","date_gmt":"2022-11-26T13:33:29","guid":{"rendered":"https:\/\/mailinvest.blog\/index.php\/2022\/11\/26\/crosstower-is-aiming-towards-new-crypto-acquisitions\/"},"modified":"2022-11-26T13:33:29","modified_gmt":"2022-11-26T13:33:29","slug":"crosstower-is-aiming-towards-new-crypto-acquisitions","status":"publish","type":"post","link":"https:\/\/mailinvest.blog\/index.php\/2022\/11\/26\/crosstower-is-aiming-towards-new-crypto-acquisitions\/","title":{"rendered":"CrossTower Is Aiming Towards New Crypto Acquisitions"},"content":{"rendered":"

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CrossTower Inc, a crypto exchange, has started window shopping for other crypto acquisitions. <\/span><\/p>\n

As it has been understood, this company has also been bidding for the assets of Voyager Digital. In a Bloomberg report on the 24th of November<\/a>, Kapil Rathi, the CEO of the exchange, went on to state that the company was looking towards picking up firms that had a good set of customers and a legit balance sheet- even amidst the current bear market. He stated that the company was in a great place to acquire entities who had a good set of customers with them- so they were looking at companies from an organic growth perspective.\u00a0<\/span><\/p>\n

CrossTower Is Planning On Making A Bid For Voyager Digital<\/b><\/span><\/h2>\n

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Back in September of this year, CrossTower had been one of the companies that were reported to be in a competition to acquire the assets of Voyager Digital, a bankrupt crypto lender, along with Binance and FTX. FTX Trading was ultimately declared the winner of the bid on the 27th of September, with a sale that was valued at around $1.4 billion. <\/span><\/p>\n

However, with FTX currently filing for bankruptcy on the 11th of November, Voyager went on to reopen the entire bidding process and a completely new revised offer came from the exchange the same day. A spokesperson from the exchange stated that they had been working on a completely revamped offer that they felt would be benefitting the customers of Voyager, as well as the wider Crypto<\/a> community.\u00a0<\/span><\/p>\n

Although CrossTower hasn\u2019t disclosed any of the details on their latest bid for Voyager, Kristin Boggiano, the president of the exchange, stated that the small $3 million investment made by FTX on Voyager will not be playing any significant role in the potential sale for the lending platform.\u00a0<\/span><\/p>\n<\/div>\n