The cryptocurrency broker Voyager has decided to restart the cash withdrawals using its app. Users will be able to withdraw funds from the app after Voyager suspended trading, deposits, withdrawals, and loyalty rewards for more than a month. When will Voyager resume trading?
When Will Voyager Resume Trading
Beginning as early as August 11, Voyager stated clients having US dollars in their accounts could withdraw up to $100,000 in a 24-hour period, with the money arriving in 5- 10 working days. The declaration came after a judge on Thursday gave permission for the cryptocurrency lending business to repay $270 million in client cash stored at the Metropolitan Commercial Bank in New York. The court authorized the platform's prior bankruptcy petition, which it filed in July.
The lender was permitted to start paying back money to its clients that had been stored in deposit accounts with Metropolitan Commercial Bank after receiving this approval. Voyager had to incur enormous losses as a result of the bitcoin hedge fund Three Arrows Capital failing.
Conclusion: When Will Voyager Resume Trading
Voyager's blog post states that on August 11, the cryptocurrency lender reopened customer withdrawal access.
