Voyager Exchange Receives Letter Terminating Asset Purchase Agreement

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

Cryptocurrency investors were caught off-guard with the recent news about Voyager Exchange receiving a termination letter from Coin America. Despite this development, Voyager remains committed to providing its customers with the best service possible. In this article, we will delve into the details of Voyager Exchange, the recent news, and the actions it is taking to ensure the continued value for its customers.

Introduction

Voyager Exchange is a Canadian-based cryptocurrency exchange that specializes in trading major cryptocurrencies like Bitcoin, Ethereum, Litecoin, and Ripple. It launched its app in January 2019, catering to millions of cryptocurrency investors in the United States. The app offers an easy-to-use platform for buying and selling cryptocurrencies, and it rewards its customers with competitive prices.

The Termination Letter

According to a recent report, Voyager Exchange has received a letter of termination from Coin America, ending their asset purchase agreement. Despite this, Voyager remains focused on providing its clients with the best services possible. This development may cause some customers to feel apprehensive, especially since such a decision can have significant effects on their investments.

Bankruptcy Protection

Voyager Exchange has also stated that it will be seeking bankruptcy protection, which will enable it to continue operations while restructuring its finances. This move seeks to ensure that the company remains solvent and can continue to provide services to its customers.
Chapter 11 of Bankruptcy allows for direct distribution of cash and cryptocurrency to customers through the Voyager platform. This means that Voyager customers will receive their cash and cryptocurrency directly through the platform. It is worth noting that the company has assured its customers that it has ample funds to fulfill their requests.

Swift Action

Voyager Exchange has committed to taking swift action to ensure the creation of value for its customers through direct distribution. This move will ease the uncertainty surrounding the termination of the asset purchase agreement and bankruptcy protection, and will maintain customer confidence in the platform.
The company has stated that it will provide more information in the coming days regarding how the direct distribution will be handled. It is essential to note that this move reflects Voyager Exchange’s commitment to providing its clients with first-rate services.

Conclusion

In conclusion, the termination of asset purchase agreements and bankruptcy protection are painful developments for any company. However, Voyager Exchange is committed to providing its customers with the best service possible, even in the face of adversity. The direct distribution of cash and cryptocurrency through the Voyager platform reflects the company’s continued efforts to maintain customer confidence.

FAQs

1. What is Voyager Exchange?
Voyager Exchange is a Canadian-based cryptocurrency exchange that specializes in trading major cryptocurrencies.
2. What does the termination mean for Voyager customers?
The termination of the asset purchase agreement may have significant effects on customer’s investments. However, the direct distribution of cash and cryptocurrency through the Voyager platform reflects the company’s continued efforts to maintain customer confidence.
3. How will Voyager Exchange continue to provide service to its customers?
Voyager Exchange is seeking bankruptcy protection, which allows it to continue operations while restructuring its finances. This move seeks to ensure that the company remains solvent and can continue to provide services to its customers.