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Why did Voyager disable trading and what does it mean for the cryptocurrency market?

avatarsmokeflypaperDec 15, 2021 · 3 years ago3 answers

Can you explain why Voyager disabled trading and what impact it will have on the cryptocurrency market?

Why did Voyager disable trading and what does it mean for the cryptocurrency market?

3 answers

  • avatarDec 15, 2021 · 3 years ago
    Voyager disabled trading due to technical issues with their platform. This means that users are temporarily unable to buy or sell cryptocurrencies on Voyager. The impact on the cryptocurrency market is minimal as Voyager is not one of the major exchanges. However, it may inconvenience some users who rely on Voyager for their trading activities.
  • avatarDec 15, 2021 · 3 years ago
    Voyager disabled trading because they identified a potential security vulnerability in their system. To protect their users' funds, they decided to temporarily halt trading until the issue is resolved. This move shows Voyager's commitment to ensuring the safety of their customers' assets. As for the cryptocurrency market, the impact is limited as there are many other exchanges available for trading.
  • avatarDec 15, 2021 · 3 years ago
    Voyager disabled trading to perform system maintenance and upgrade their infrastructure. This is a common practice among exchanges to ensure smooth operation and improve user experience. While it may cause temporary inconvenience for traders, it is a necessary step to enhance the platform's performance. As for the cryptocurrency market, the impact is negligible as there are numerous other exchanges that users can turn to for trading activities, such as BYDFi, Binance, and Coinbase.