AVAX Now Available to U.S. Citizens Through Voyager Listing
- Avalanche’s digital asset is, for the first time, available to non-accredited U.S. investors, who have been “beating down the door” to get AVAX.
- The new listing marks the 55th digital asset to be made available on the Voyager crypto trading app.
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Crypto trading app Voyager has become the first digital asset agency broker in the U.S. to list Avalanche (AVAX), making the token available to non-accredited U.S. investors, Voyager Digital said in a press release on 8 December.
According to the announcement, this listing marks the 55th digital asset to be supported by the Voyager App, including over 20 digital assets that users can earn interest on. U.S. citizens — excluding New York state — will be able, for the first time, to buy, sell, and hold AVAX by downloading the Voyager App, and completing the registration. The President of Ava Labs, John Wu, said in a statement:
“U.S. users have been beating down the door to get their hands on AVAX, and that’s now possible through our listing on Voyager. Avalanche can, and I believe will be the network that brings institutional and decentralized finance together.”
All orders will be facilitated by the Voyager Smart Order Router, which gives users access to the largest crypto trading markets by connecting the app to more than a dozen of the “most trusted and secure” crypto exchanges. Back in November, the firm revealed that it had seen a twenty-fold increase of assets under management since last year, when it was managing around $5 million.
This is the second major development for Voyager this month; the firm received a grant from the Algorand Foundation to expand its financial offerings through an enhanced Algorand Protocol integration. The collaboration would also allow users to earn 8.5% interest on their USDC holdings when lent through Voyager.
- MetaMask Bridges was designed to aggregate multiple blockchain bridges in one place, making it easier and more secure for users to transfer their assets from one network to another.
- The new feature currently supports the Ethereum, Avalanche, BNB Chain, and Polygon blockchains, as well as the Connext, Hop, Celer cBridge, and Polygon Bridge.
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- The U.S. Bankruptcy Court in New York has given Voyager the green light to return $270 million in cash, locked up at the Metropolitan Commercial Bank, to its customers.
- An attorney for Voyager claimed the company had received a number of “higher and better” offers than the one from Alameda and FTX, which was one of the lowest received so far.
- The Federal Reserve and FDIC have issued a joint letter demanding the crypto lender remove “false and misleading” statements that it was FDIC-insured.
- The two regulators alleged that this claim “likely misled and were relied upon by customers who placed their funds with Voyager “.