• Binance moved VGX to its Innovation Zone as the token becomes increasingly volatile.
• VGX experienced increased sell-offs in the past few weeks. 

On May 10, Binance announced the movement of the native token of bankrupt crypto lender Voyager Digital [VGX] and some other tokens to its Innovation Zone. This decision was made as VGX’s token became increasingly volatile and risky to trade when compared to other listed assets on the cryptocurrency exchange. 

Read Voyager [VGX] Price Prediction 2023-2024

Binance’s Innovation Zone refers to a dedicated trading zone where users can trade tokens likely to have higher volatility and pose a higher risk than other tokens. 

The move by Binance was made shortly after Voyager Digital announced the sale of its assets following the collapse of a deal with Binance.US.

In a court filing made on 5 May, the crypto lender’s lawyers confirmed that it would self-liquidate its assets and cease operations after failing to reach an agreement on a sale to either FTX US or Binance.US.

It added that its customers would receive an initial recovery of 36% of their crypto holdings.

In a later announcement ma

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Author: Abiodun Oladokun

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