Alameda Research Lends Voyager Digital $485 Million In Crypto
In the context of many big names having liquidity problems, Voyager Digital announced it had borrowed $485 million from Alameda Research.
On the afternoon of June 18, Voyager Digital, an investment brokerage unit in the crypto industry, said that it had reached an agreement to borrow money from Alameda Research, a leading investment fund in the cryptocurrency industry with ties to the FTX exchange.
Specifically, Alameda Research will lend Voyager Digital $200 million in cash/USDC, along with 15,000 Bitcoin (BTC), with a total value of about $485 million at press time. The loan term will be until December 31, 2024, with 5% interest per year.
Voyager is an incredibly fast-growing mobile-based crypto exchange platform that grew its revenue almost 41 times within the previous 52-weeks as of September, 2021. The company is currently a loss-maker, but that’s subject to the fact that Voyager is choosing to fuel its growth through strategic user acquisition and growth investments.
Alameda Research is a leading principal trading firm, it uses internally developed technology and our team’s deep crypto expertise to trade thousands of digital asset products: all major coins and altcoins, as well as their derivatives. Since 2017, the company has relentlessly built a globally focused team and infrastructure with the ability to trade on all major exchanges and markets.
Voyager Digital revealed that this money will be used to secure assets for customers in the context of the cryptocurrency market continuously going down in the past time. Voyager claims to still have more than $200 million in assets.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
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Alameda Research Lends Voyager Digital $485 Million In Crypto
In the context of many big names having liquidity problems, Voyager Digital announced it had borrowed $485 million from Alameda Research.
On the afternoon of June 18, Voyager Digital, an investment brokerage unit in the crypto industry, said that it had reached an agreement to borrow money from Alameda Research, a leading investment fund in the cryptocurrency industry with ties to the FTX exchange.
Specifically, Alameda Research will lend Voyager Digital $200 million in cash/USDC, along with 15,000 Bitcoin (BTC), with a total value of about $485 million at press time. The loan term will be until December 31, 2024, with 5% interest per year.
Voyager is an incredibly fast-growing mobile-based crypto exchange platform that grew its revenue almost 41 times within the previous 52-weeks as of September, 2021. The company is currently a loss-maker, but that’s subject to the fact that Voyager is choosing to fuel its growth through strategic user acquisition and growth investments.
Alameda Research is a leading principal trading firm, it uses internally developed technology and our team’s deep crypto expertise to trade thousands of digital asset products: all major coins and altcoins, as well as their derivatives. Since 2017, the company has relentlessly built a globally focused team and infrastructure with the ability to trade on all major exchanges and markets.
Voyager Digital revealed that this money will be used to secure assets for customers in the context of the cryptocurrency market continuously going down in the past time. Voyager claims to still have more than $200 million in assets.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join CoinCu Telegram to keep track of news: https://t.me/coincunews
Follow CoinCu Youtube Channel | Follow CoinCu Facebook page
Harold
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