After a review, cryptocurrency firm Voyager Digital Ltd announced on Monday that it will sell its assets to Binance.US in a deal worth approximately $1 billion. Based in Palo Alto, California Binance.US, which operates as a separate legal entity with a licencing agreement with Binance.com, will deposit $10 million and reimburse Voyager for certain expenses up to $15 million. The purchase price of $20 million includes repayments to Voyager’s customers, while the majority of the $1 billion valuation includes debt owed to clients. This year, the crypto sector has lost nearly $2 trillion in value as interest rates rise, exacerbating fears of an economic downturn. The downturn has forced the exit of key industry players such as Three Arrows Capital and Celsius.