Voyager Digital to pay Users Interest on Bitcoin (BTC) Holdings
Voyager Digital (Canada) Ltd., a leading cryptocurrency broker listed on the Canadian Stock Exchange (CSE: VYGR), has announced the launch of the Voyager Interest Program (VIP), enabling its clients to earn up to three percent interest per annum on their bitcoin (BTC) holdings and five percent on Ethos (ETHOS) token held in their Voyager accounts, according to a press release on October 23, 2019.
Trade, HODL BTC, and Earn Interest
In a bid to satisfy the yearnings of its clients, Voyager Digital has rolled out the Voyager Interest Program (VIP), to make it possible for its users to earn decent interest on their BTC and ETHOS holdings.
For those who are unaware, BTCManager informed earlier in October 2019, that Voyager had acquired the assets of the Ethos blockchain project and crypto wallet. That deal has now given Voyager control over the latter’s native altcoin, ETHOS.
As stated in its press release, starting from November 1, 2019, all Voyager account holders who have bitcoin and Ethos in their accounts will start earning up to three and five percent interest on their cryptoassets respectively.
Key Program Details
Specifically, the team has hinted that interest is paid on a monthly basis in BTC and crypto traders on the platform need to have a minimum of 0.01 BTC or 2,000 ETHOS, to be eligible for the program.
What’s more, the team has revealed that interest is calculated daily based on asset value and the interest rates can be changed at any time, but traders will be notified via the app or website when this happens.
Commenting on the launch of the innovative program, Stephen Ehrlich, CEO and Co-founder of Voyager Digital reiterated that the VIP sets Voyager apart from traditional exchanges.
In his words:
“This is an incredibly unique offering, as traditional exchanges do not offer interest on Bitcoin.It has been the most requested feature from our users and community. 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.”
Established in July 2018 by former Uber Chief Technology Officer, Oscar Salazar in collaboration with other Wall Street and Silicon Valley big whales, Voyager provides both institutional and retail investors with crypto trading and custodial services.