Crypto Exchange CrossTower Plans to Create an Industry Recovery Fund

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Cryptocurrency exchange CrossTower is exploring the possibility of creating a structure to buy promising firms with partners.

The company CEO Kapil Rathi has said:

“We are interested in a customer base, a good balance sheet and a history of organic growth.”

Voyager reached in October a tentative agreement with FTX.US that involved the return of 72% of the amount of their assets to the clients of the crypto broker.

In September, the firm, which is founded by Sam Bankman-Fried, won an asset auction for about $1.4 billion.

After FTX Group filed for insolvency on November 11, Voyager Digital announced it had restarted the auction and was ready to discuss terms with potential buyers.

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