Voyager Selling Assets through Coinbase?

02/26/2023 04:55 • Blockchain Briefs • 94 views

On February 26, Lookonchain tweeted that Voyager seemed to be selling assets through Coinbase. We note that Voyager has received 100 million USDCs from Coinbase in the past three days. And Voyager has sent assets to Coinbase almost every day since February 14.

Voyager is suspected to be selling assets through Coinbase, and still holds $631 million of encryption assets

Analysis based on this information:

Lookonchain took to Twitter on February 26, to share a curious observation about Voyager, a cryptocurrency trading app. According to the tweet, Voyager appeared to be selling assets through Coinbase. This was based on the fact that Voyager had received 100 million USDCs (a stablecoin pegged to the US dollar) from Coinbase in the past three days. Additionally, Voyager had been sending assets to Coinbase almost every day since February 14.

This tweet raises some intriguing questions about Voyager’s activities and motives. One possibility is that Voyager is liquidating some of its holdings to raise funds. This could be for any number of reasons, such as to cover operational expenses, to pay off debts, or to invest in new opportunities.

Another possibility is that Voyager is taking advantage of the current crypto market conditions. As the prices of many cryptocurrencies have hit record highs in recent weeks, Voyager may be selling some of its assets to lock in profits. This would make sense from a business perspective, as it would enable Voyager to generate cash flow without having to rely on risky or volatile investments.

It is also worth noting that Voyager has been sending assets to Coinbase almost every day since February 14. This could indicate that Voyager is using Coinbase as an intermediary or gateway for some of its transactions. Alternatively, Voyager may be using Coinbase to access liquidity, since Coinbase is one of the largest cryptocurrency exchanges in the world.

Overall, it is difficult to say for certain what Voyager’s motives are, or whether it is indeed selling assets through Coinbase. However, the data shared in Lookonchain’s tweet is certainly intriguing and worthy of further investigation. As the cryptocurrency market continues to evolve and mature, it will be interesting to see how companies like Voyager adapt and thrive.

In conclusion, the cryptocurrency market keeps evolving, and different companies have different motives. Voyager’s transactions may raise eyebrows, but it is crucial to wait for more information to become available. Keywords such as USDCs, daily transactions, and Coinbase help narrow down the scope of the tweet and its implications.

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Voyager Selling Assets through Coinbase?

Voyager is suspected to be selling assets through Coinbase, and still holds $631 million of encryption assets

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