Voyager Digital Debuts Crypto-Asset Interest Program
Voyager Digital (Canada) Ltd., an industry-leading best execution crypto-asset broker, today announced the inauguration of the Voyager Interest Program (VIP) allowing customers to earn interest on Bitcoin (BTC) held on the Voyager platform.
On November 1, 2019, Voyager begins offering 3% interest on Bitcoin held on the Voyager platform, allowing users the opportunity to earn interest and actively trade with one app.
“This is an incredibly unique offering,” said Stephen Ehrlich, CEO and Co-founder of Voyager Digital. “Traditional exchanges do not offer interest on Bitcoin and we are especially excited to offer it on our platform. It has been the most requested feature from our users and community.”
Earlier this month, after acquiring leading Universal Wallet and Blockchain Service Provider Ethos, the company announced the upcoming rebrand of the Ethos Token (ETHOS) to the Voyager Token (VGX), and began offering 5% interest on ETHOS held in the Voyager app.
“We strive to create the best platform for our users and listen when they recommend ways for us to improve Voyager,” said Ehrlich. “With this program, our customers can actively trade and passively earn Bitcoin at the same time as long as they maintain the minimum daily average.”
Additional program details include:
- Voyager Interest Program’s eligible assets will be Bitcoin and Ethos: Bitcoin – 3% interest (per annum) on a minimum monthly average balance of .01 BTC. Ethos – 5% interest (per annum) on a minimum monthly average balance of 2,000 ETHOS.
- Interest is calculated daily on asset value.
- The rates are subject to change and will be announced each month in-app and on investvoyager.com.
- Interest is paid in Bitcoin at the end of each month.
The regime is for existing cryptoasset businesses which applied for registration before 16 December 2020.
The Commission has proposed legislation on crypto-assets for the first time.
The Bitcoin Capital Active ETP has listed on the Swiss stock exchange.
Since last December volumes from top tier exchanges have continued to increase.
The Boerse Stuttgart subsidiary has operated as a custodian of cryptocurrencies for more than a year.