Binance Announces: Will Get More From This Altcoin!

Binance, the world’s largest cryptocurrency exchange in terms of daily trading volume, will have added millions of dollars of SHIB to its portfolio due to an investment. Here are the details…

Adding more SHIBs to Binance portfolio

As we reported as Kriptokoin.com, Binance’s US arm, Binance.US, announced that it had 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, Voyager wallets hold $76 million worth of SHIB tokens. 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 points to the value of Ethereum at $255 million in the wallet. Thus, it shows that Voyager is its biggest asset by dollar value. The second largest asset is USDC, worth $81.7 million. USDC is a stablecoin pegged to the US dollar. The Shiba Inu is ranked as the third largest crypto asset held in Voyager’s wallets. Featured token; It 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. The auction to buy Voyager’s assets had previously won FTX, shortly before its collapse. After bidding for $1.4 billion earlier this year, FTX was the winner of the auction.

However, the deal fell through after the exchange filed for bankruptcy after FTX faced liquidity problems. Following the collapse 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 with 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.