Binance Wins Big, Doesn't Buy Voyager But Still Gets Voyager Customers

So we've just learned that Binance has backed out of the deal to buy Voyager citing an "uncertain" regulatory environment. While it's a shady move, it's also somewhat of a genius move by Binance, they've essentially acquired Voyager customers without having to spend a penny and without having to go through with the deal.

Ultimately what Voyager was buying besides the assets which were all going to be paid out anyways, they were buying the customer base of Voyager. Sure some users likely would have opened up Voyager accounts to claim their money and then shutdown the accounts or moved on, no doubt some would likely stick around.

Because Voyager encouraged all of us to begin setting up accounts over at Binance.US to be ready for the transition most users already setup Binance.US accounts and gave Binance all their info. Binance.US also had all our info as we were directed to either use the same email we used for Voyager or to contact Binance.US and let them know of our Voyager email and new email for our Binance account. This means that Binance has everyone's emails and even those who haven't yet signed up for a Binance.US account, Binance can continue to market to them.

Overall this is a huge win for Binance.US, get all the customers without having to spend any money. As far as where we go from here, it doesn't appear they're going to try to find another buyer, it appears they are just going to pay out whatever funds remain to users. Because Binance wasn't putting that much into the deal, I believe it was something like $50 per user, it hopefully shouldn't affect our projected payouts all that much.