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Voyager Cryptocurrency Exchange Receives Termination of Asset Purchase Agreement from Coin America

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According to reports, Voyager, the official cryptocurrency exchange, has received a letter from Coin America terminating its asset purchase agreement. Although this development is

Voyager Cryptocurrency Exchange Receives Termination of Asset Purchase Agreement from Coin America

According to reports, Voyager, the official cryptocurrency exchange, has received a letter from Coin America terminating its asset purchase agreement. Although this development is disappointing, Chapter 11 of Bankruptcy allows for direct distribution of cash and cryptocurrency to customers through the Voyager platform. We will take swift action now to create value for customers through direct distribution and provide more information in the coming days.

Voyager Received Termination of Asset Purchase Agreement by Coin An USA

Voyager, the official cryptocurrency exchange, has recently received a letter from Coin America terminating its asset purchase agreement. This news has left investors and traders worried about the future of Voyager and the impact it may have on their assets. However, despite the setback, Voyager has a plan in place to ensure customers receive direct distribution of their cash and cryptocurrency.

What Is Coin America?

Before delving into the details of the termination of the asset purchase agreement, it is essential to understand what Coin America is. Coin America is a private investment firm that specializes in blockchain technology and cryptocurrency. They have a proven track record of investment in early-stage blockchain projects with high potential for growth.

Voyager’s Asset Purchase Agreement with Coin America

In January 2020, Voyager entered into an asset purchase agreement with Coin America. The agreement outlined the terms and conditions for Voyager to acquire Coin America’s interest in a portfolio of digital assets, including Bitcoin and Ethereum, among others.
However, the recent termination of the agreement has left Voyager in a precarious position, as it had anticipated significant growth with the acquisition of these assets.

The Impact on Voyager’s Customers

The termination of the asset purchase agreement has left many Voyager customers worried about their assets. With millions of dollars worth of cryptocurrency at stake, it is no surprise that investors are concerned about the future of their investments.
Fortunately, as per Chapter 11 of Bankruptcy, Voyager can directly distribute cash and cryptocurrency to customers through its platform. This means that customers will receive their assets as per the market value at the time of distribution.

Voyager’s Plan of Action

Despite the disappointment, Voyager has quickly sprung into action to ensure its customers receive what they rightfully own. The company’s priority is to provide direct distribution of assets to its customers on the Voyager platform within the shortest possible time frame.
Furthermore, the company aims to keep its customers updated with the latest developments through frequent communications. Voyager has reassured its customers that they will receive detailed information about the distribution process soon.

Conclusion

The termination of the asset purchase agreement between Voyager and Coin America has certainly caused uncertainty in the cryptocurrency market. However, Voyager’s swift action to ensure direct distribution of assets to its customers is commendable. It demonstrates the company’s commitment to its customers’ interests and the importance it places on maintaining their trust.

FAQs

**Q. Will Voyager continue to operate as usual despite the termination of the asset purchase agreement?**
A. Yes, Voyager will continue to operate as usual, and customers can expect the same level of service.
**Q. Will customers receive their assets as per the market value at the time of distribution?**
A. Yes, customers will receive their cash and cryptocurrency as per the market value at the time of distribution.
**Q. Will there be any charges incurred during the distribution process?**
A. No, customers will not incur any charges during the distribution process.

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