Voyager also offers a competitive loyalty program that rewards holders of the native token VGX (Voyager Token) with special Voyager Debit Card bonuses, like a monthly rewards booster, crypto-back on purchases, and more. Voyager also offers a Mastercard debit card with 9% cashback rewards and allows users to spend their USDC balance like cash. Unlike other exchanges, there are no lockup periods required with this program. Voyager also offers its Earn program, which offers extremely competitive rewards (interest) on over 30+ coins that are on the exchange, with rates as high as 12% on some such as Polkadot and 9% on USDC stablecoin.
VOYAGER REVIEWS CRYPTO FULL
The mobile exchange offers over 80 crypto assets commission-free with full buy and sell functionality, but the trading interface cannot compare to one of a desktop exchange as the charting capabilities are limited, so Voyager is definitely suited better for investors or casual spot traders who are charting elsewhere. The exchange is also very simple to use since it is a mobile-only exchange with an app available on both Google Play and the Apple App Store at the moment, but there are plans to add a desktop version in the future. Voyager instead makes money on the spread (the bid/ask) of the coin being traded. The best features of Voyager are its simplicity and no trading fees. Spot traders and investors who desire a simple fee schedule, and competitive amount of crypto financial services, with the benefit of regulatory compliance of a public company Voyager is best for:Īll types of cryptocurrency spot investors and traders who desire access to a large variety of crypto coins for trading, earning interest with no lockups, and no crypto-to-crypto trading pairs Voyager has expanded since launch to most US states and soon plans to launch to Europe. Voyager is also a FinCen registered Money Service Business now traded on US OTC markets under VYGVF.
In 2021, Voyager announced its approval to trade on the Toronto Stock Exchange (TSX) under the ticker VOYG.
However, this provided users more transparency into the company’s financials, bridges the gap between traditional finance and crypto, and allows Voyager an alternative avenue for company growth while also empowering everyday equities traders and investors the opportunity to back an emerging crypto company.Īt first, it was listed on the Canadian TSX.V (Toronto Venture Exchange) stock exchange under the symbol VYGR.V. The company made the decision to go public early in company history, which was an unconventional choice for a crypto company. The team is a combo of Wall Street and Silicon Valley entrepreneurs who teamed up to bring a better, more transparent, and cost efficient alternative for trading digital assets to the marketplace. The company was co-founded in 2018 by now CEO Stephen Ehrlich as well as by Philip Eytan and Uber co-founder Oscar Salazer. MCB confirmed the figure is "$270 million".When Voyager launched in 2018, it did so with the aim of offering investors a no trading fee feature and as a mobile-first exchange.
Update: earlier version of this story stated "close to $300 million" funds granted. "Voyager thinks that the assets are theirs and I suspect the customers think it belongs to them," DiBattista added. Whether negotiations can reach an outcome relies on the central question for both Voyager and Celsius’ bankruptcies - whether customer assets held on either crypto lending platform belong to customers or the bankrupt companies, according to DiBattista. As Yahoo Finance detailed earlier this week, letters from distressed Voyager customers to the court indicate many customers aren't satisfied with Voyager's recommendations for a plan. If the bidding deadline passes with no offers accepted, Voyager will pivot to a "standalone restructuring."īased on court documents, the company's closest proposal to a restructuring plan would distribute funds to customers in some combination of cash, their cryptocurrency holdings, recoveries from the Three Arrows bankruptcy, and tokens or equity in a new Voyager platform.īefore nailing down that plan, the embattled firm must first negotiate with its organized committee of unsecured creditors. Though striking a deal with Alameda isn't off the table, the bidding process allows the firm to "market test" the value of its assets, though its deadline for the bidding may be "pretty tight" according to DiBattista.
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