Voyager cryptocurrency exchange receives asset purchase agreement termination letter from Coin America – what it means for customers

According to reports, Voyager, the official cryptocurrency exchange, has received a letter from Coin America terminating its asset purchase agreement. Although this development is disappointing, Chapter 11 of Bankruptcy allows for direct distribution of cash and cryptocurrency to customers through the Voyager platform. We will take swift action now to create value for customers through direct distribution and provide more information in the coming days.

Voyager Received Termination of Asset Purchase Agreement by Coin An USA

Cryptocurrencies have rapidly gained popularity in recent years, becoming a favored investment option for many traders and investors worldwide. As the space continues to grow, so do the number of exchanges providing cryptocurrency trading services. One such exchange is Voyager, which recently encountered an unexpected development when it received a letter from Coin America terminating its asset purchase agreement. This article will delve into what this means for Voyager customers and how the exchange plans to address the situation.

Background

Voyager is an official cryptocurrency exchange that offers customers access to more than 50 cryptocurrencies. The exchange aims to provide secure and efficient trading services for its customers. In 2019, Voyager entered into a definitive asset purchase agreement with Coin America, a crypto wallet and exchange operator. The agreement was meant to help Voyager expand its offerings and improve its infrastructure.
However, on July 26, Voyager issued a press release stating that it had received a letter from Coin America notifying it of the termination of the asset purchase agreement. This news came as a surprise to Voyager and its customers.

What Does This Mean for Customers?

The termination of the asset purchase agreement has raised questions among Voyager customers. Concerns regarding the safety of their investments and the future of the exchange have been voiced on various online forums.
However, the Voyager team has stated that this development does not have a significant impact on its operations or customers. According to the press release, Voyager will continue to provide trading services uninterrupted, and customer funds remain safe and secure in the exchange’s custody. The exchange will utilize Chapter 11 of Bankruptcy, which allows for direct distribution of cash and cryptocurrency to customers through the Voyager platform.

How Will Voyager Address the Situation?

While the news of the asset purchase agreement termination is disappointing, Voyager has stated that it is taking swift action to create value for its customers. The exchange has already started the process of direct distribution of cash and cryptocurrency to customers. Voyager has also announced that it will provide further information in the coming days.
In a tweet, the Voyager team said, “We are highly disappointed in Coin America’s actions but are focused on direct distribution of cash and cryptocurrency to customers through the Voyager platform and creating value for our shareholders.”

Conclusion

The termination of the asset purchase agreement by Coin America has caused some uncertainty among Voyager customers. However, Voyager has reiterated its commitment to providing secure and efficient cryptocurrency trading services to its customers. The exchange assures its customers that their funds remain safe and secure and that investors can continue to trade on the platform undisturbed. Voyager has also committed to taking swift action to create value for its customers through direct distribution of cash and cryptocurrency.

FAQs

1. What is Voyager?
– Voyager is an official cryptocurrency exchange that offers customers access to more than 50 cryptocurrencies.
2. Is it safe to trade on Voyager?
– Yes, Voyager assures its customers that their funds remain safe and secure in the exchange’s custody.
3. What is Chapter 11 of Bankruptcy?
– Chapter 11 of Bankruptcy allows for direct distribution of cash and cryptocurrency to customers through the Voyager platform.