Voyager sells assets through Coinbase

On February 26, Lookonchain tweeted that Voyager seemed to be selling assets through Coinbase. We note that Voyager has received 100 million USDCs from Coinbas…

Voyager sells assets through Coinbase

On February 26, Lookonchain tweeted that Voyager seemed to be selling assets through Coinbase. We note that Voyager has received 100 million USDCs from Coinbase in the past three days. And Voyager has sent assets to Coinbase almost every day since February 14.

Voyager is suspected to be selling assets through Coinbase, and still holds $631 million of encryption assets

Interpretation of the news:


The tweet made on February 26 by Lookonchain suggests that Voyager, the crypto trading platform, seems to be selling assets through Coinbase. This message has raised concerns among investors and traders who have been closely monitoring Voyager’s trading activities on Coinbase. In fact, the tweet notes that Voyager received 100 million USDC from Coinbase in the past three days, and the company has sent assets to Coinbase almost every day since February 14.

These revelations have led many to speculate that Voyager could be running into some liquidity issues, which is why it is selling assets on Coinbase. Moreover, Voyager’s trading volumes have been quite low lately, as compared to its earlier highs. This has further fueled speculations about the company’s financial health and sustainability.

It is important to note that Voyager is not the only crypto trading platform that has been facing liquidity issues. In fact, many crypto firms have been struggling to stay afloat due to increasing competition and regulatory pressures. Moreover, the recent surge in Bitcoin prices has created a lot of volatility in the market, which has caused problems for many crypto firms.

If Voyager is indeed selling assets on Coinbase, it could have implications for the crypto market as a whole. For one, it would indicate that the market is still quite fragile and that even large crypto firms are finding it hard to generate enough liquidity. Moreover, it could also lead to a drop in Voyager’s share prices, which could have a ripple effect on other crypto firms as well.

In conclusion, the tweet made by Lookonchain about Voyager selling assets through Coinbase is a cause for concern for the crypto market. While it is not clear why Voyager is selling its assets, it is clear that the company is facing some challenges in terms of generating enough liquidity. The developments in this regard could have far-reaching implications for the crypto industry, especially in terms of market stability and investor confidence.

This article and pictures are from the Internet and do not represent Fpips's position. If you infringe, please contact us to delete:https://www.fpips.com/3427/

It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.