Why is Voyager Token (VGX) going up? (June 16, 2023)

Voyager Digital online brokerage launched in Oct. 2018. Crypto Trading Technologies, the parent company of Voyager Digital, was founded by Stephen Ehrlich, Philip Eytan, Gaspard de Dreuzy, and Oscar Salazar, all of whom have invested in the history of e-commerce and start-ups such as Uber. Many crypto lending platforms faced liquidity crisis and bankruptcy in 2022. Voyager Digital filed for Chapter 11 bankruptcy on July 6, 2022.

In the last 24 hours, VGX is up by 4.35%. Voyager has announced that it will enable withdrawals on June 20. Voyager users will be able to withdraw their assets in cryptocurrency or cash. This development, announced nearly a year after Voyager filed for Chapter 11 bankruptcy, may have been instrumental in VGX's rise.