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…
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 recent tweet by Lookonchain has sparked interest in the alleged selling of assets by Voyager through Coinbase. The tweet noted that Voyager had received 100 million USDCs from Coinbase in the past three days and has been sending assets to Coinbase almost every day since February 14. These developments suggest that Voyager might be utilizing Coinbase as an avenue to liquidate its assets.
Voyager is a cryptocurrency trading platform that provides users with access to various digital assets. The platform boasts of its high liquidity and low fees, making it an attractive option for traders. As such, Voyager’s recent alleged selling of assets through Coinbase raises eyebrows among traders and investors alike.
Coinbase, on the other hand, is a digital currency exchange that allows users to buy, sell, and store cryptocurrencies. With over 43 million registered users, Coinbase is one of the largest cryptocurrency exchanges globally. The fact that Voyager is sending assets to Coinbase suggests that the trading platform might be looking to cash out on its digital assets.
Some analysts have speculated that Voyager’s alleged selling of assets could be related to the recent surge in the price of Bitcoin. Bitcoin, the world’s most popular cryptocurrency, has seen its price rise to unprecedented levels in recent weeks. This could mean that Voyager is looking to take advantage of the bull run and cash out on its Bitcoin holdings.
Another possible explanation for Voyager’s alleged selling of assets is related to the company’s financial situation. In late January 2021, Voyager announced that it had raised $146 million in a private placement offering. The funds were intended to be used for general corporate purposes, including expansion and acquisitions. However, if Voyager is facing financial difficulties, it might be looking to liquidate its digital assets to raise funds.
In conclusion, Voyager’s alleged selling of assets through Coinbase has raised questions regarding the company’s financial situation and future prospects. Whether Voyager is simply cashing out on its digital assets or facing financial difficulties remains unclear. However, the developments suggest that traders and investors need to keep a close eye on Voyager’s activities in the coming weeks.
Word count: 400
This article and pictures are from the Internet and do not represent qiAiAi's position. If you infringe, please contact us to delete:https://www.qiaiai.com/daily/3459.html
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.
Related recommendations
-
21Shares collaborates with CoinGecko to release the Global Cryptocurrency Classification Standard (GCCS)
On April 3rd, it was announced that 21Shares, a European cryptocurrency ETP issuer, has collaborated with CoinGecko to release the Global Cryptocurrency Classification Standard (GC
-
Fed Chair’s Comments on Interest Rates and the Market’s Expectations
According to reports, Michael Hewson, chief market analyst at CMC Markets, wrote that although the Federal Reserve Chairman Powell insisted at the press conference after the Februa
-
French Fashion Brand Balmain Launches Latest Web3 Plan: NFT-Based Footwear Collection
According to reports, French luxury fashion brand Balmain today launched its latest Web3 plan, launching a limited edition NFT based on its Unicorn footwear series, with each sport
-
What is the USDT coin video
What is the USDT coin video. Video: Video about what is the USDT coin.https://ww
-
“The Rise of Arbitrum and V God in the Belgian Market: An Analysis of SVB’s Move”
12:00-21:00 Keywords: Arbitrum, V God, Belgium, SVB Overview of important developments in the evening of March 17th Analysis based on this information:Arbitrum and V God are two terms that have suddenly gained traction in the Belgian market. The latest development in the Belgian market hints at the arrival of these key players in the crypto world- and the latest mover into this space is the payments firm SVB. The latest move by SVB indicates that they see cryptocurrencies as the future, and they are positioning themselves in the market to maximize the gains that come with the new age of finance. The recent buzz around the Arbitrum network is centered on its ability to provide an extremely fast and affordable way of transferring funds without compromising on security. By using the Ethereum blockchain, Arbitrum improves on the traditional blockchain technology by providing faster transaction times and a lower cost per transaction, making it a suitable alternative for companies looking for…
-
Jefferies Contacts Potential Bidders for FTX Restart
On March 18th, a self-described FTX creditor (@ sunil) posted an article on social media stating that Jefferies, a well-known Wall Street investment bank, was contacting potential FTX bidders to restart FTX. According to its disclosure, FTX JP alone has more than 40 bidders, while FTX (international version) has more. The 9.7 million users and 1.4 million creditors of the FTX platform are the most valuable assets that bidders consider the platform to be. Zhu Su: “FTX 2.0 will revitalize capital and give those who are trapped in capital a second chance.” Analysis based on this information:On March 18th, a self-described FTX creditor, @sunil, posted an article on social media that Jefferies, a well-known Wall Street investment bank, was contacting potential FTX bidders to restart the platform. FTX, an international crypto trading platform, has been under receivership since December 2020 due to its inability to pay its outstanding debts. The platform has more than 9.7 million users and 1.4 million…
-
Massive BTC Transfer to Coinbase
According to reports, 1760 BTCs were transferred from unknown wallets to Coinbase at 13:56 today, with a value of approximately $42.94 million. BTC valued at approximately $42.94 million transferred to Coinbase Analysis based on this information:Bitcoin, as a cryptocurrency, is known for its volatility and skyrocketing value, which can make it an attractive investment or trading instrument. It operates on a decentralized system where all transactions are recorded on a public ledger called blockchain. BTC holders need to use digital wallets to store and move their tokens. Coinbase is one of the popular platforms that provide such a service, acting as an exchange, wallet, and merchant payment processor. The message reports that an enormous amount of BTC, specifically 1760 units, was transferred to Coinbase from unknown wallets. The timing of the transfer was precisely noted at 13:56, which could imply a deliberate or coordinated action. It is unclear who owns the source of the transfer, as the wallets are anonymous,…
-
Binance may need to stop its business in the United States, says Bernstein research report.
According to reports, Wall Street investment bank Bernstein said in a research report on Tuesday that the Commodity Futures Trading Commission (CFTC) may require Binance to stop it
-
Banking Crisis Could Spark Next Cryptocurrency Bull Market: Bitcoin Looks to Outshine All Cryptocurrencies
According to reports, Mike McGlone, a senior commodity strategist at Bloomberg, said in an interview with Cointelgraph that the banking crisis may trigger the next cryptocurrency b
-
NFT Market Update: Bored Ape Yacht Club Series Sales Drop by 42.73%
According to reports, according to NFTGo.io data, the Bored Ape Yacht Club series NFT24 hour sales were 2566.68 ETH, with a 42.73% decrease in trading volume. As of now, the price