USD held with Voyager is now FDIC Insured
Through our strategic relationships with our banking partners, all customers’ USD held with Voyager is now FDIC insured. That means that in the rare event your USD funds are compromised due to the company or our banking partner’s failure, you are guaranteed a full reimbursement (up to $250,000).
We’re excited to offer our customers an extra level of security, so they can feel more comfortable holding their USD with Voyager.
What’s FDIC Insurance?
The FDIC (Federal Deposit Insurance Corporation) is an independent agency of the United States government that protects consumers against the loss of their insured deposits from an FDIC-insured bank or platform. FDIC insurance is backed by the full faith and credit of the United States government.
If a failure were to occur and deposits were lost, the FDIC responds by re-paying customers’ lost funds.
Our customers’ security is extremely important to us. We’ve gone through the rigorous process of taking our company public and obtaining the proper licenses to operate in the U.S. By doing so, we not only answer to our customers but also the high standards of regulators in Canada and the U.S.
We’ve also partnered with leaders in the space like BitGo, Ledger Vault, and others to build a mixed custody solution that keeps assets both safe and available.
We will continue to work internally and with trusted partners to make the Voyager platform as secure as possible.
Originally published at https://www.investvoyager.com on December 18, 2019.