What is a voyage account?

Voyage account is similar to a Profit and Loss account; all expenses are debited to Voyage account and all incomes are credited to Voyage account. Voyage account is prepared to ascertain the profit or Loss of voyage. It covers both inward and outward travelling. It is very important that separate Voyage account should be prepared for each vessel.

What services does Voyager offer?

These services allow you to take advantage of multiple trading options with a single account or wallet. Custodial suite: You can also choose from multiple security and storage options if you're looking to keep your crypto assets safe. Voyager Digital Brokerage LTD owns and operates Voyager Institutional.

Does Voyager hold USD?

The update explains Voyager holds USD in a For Benefit of Customers (FBO) account at Metropolitan Bank (NYSE: MCB ). The amount of USD in customers’ accounts is equal to the amount of USD held by Voyager in its FBO account. As a result, customers’ USD is FDIC-insured and will be accessible “after a reconciliation and fraud prevention process.”

Who owes Voyager a loan?

Billionaire Sam Bankman-Fried’s Alameda Research, Mike Novogratz’s Galaxy Digital LLC and Wintermute Trading Ltd are among those that owed Voyager on account of crypto loans as of its bankruptcy filing, Ehrlich said. Three Arrows Capital owes Voyager more than $650 million, making the embattled hedge fund by far Voyager’s largest loan counterparty.