Voyager, a cryptocurrency broker, has chosen to resume its app's cash withdrawals. After Voyager banned trading, deposits, withdrawals, and loyalty awards for more than a month, users will be allowed to make cash withdrawals from the application. When will Voyager resume trading ?
According to Voyager's blog post, the cryptocurrency lender reopened customer withdrawal access on August 11. The platform previously requested bankruptcy protection in July and was granted permission by the court.
With this approval, the lender was able to begin returning money to its clients that had been kept in deposit accounts with Metropolitan Commercial Bank. Due to the failure of the cryptocurrency hedge fund Three Arrows Capital, Voyager had to endure significant losses.
In conclusion, “When will Voyager resume trading?”
Customers having US dollars in their accounts, according to Voyager, will be able to withdraw up to $100,000 in a single day. The consumers can get these funds in 5 to 10 business days. After the judge ruled this week that the cryptocurrency lender might return the $270 million in client funds that had been held at Metropolitan Commercial Bank in New York, this announcement was made.
