The trading outfit from FTX founder Sam Bankman-Fried gave a loan to the broker to shore up protection for customer assets.
The $200 million credit facility was signed using a mix of cash andUSDC, a stable coin tied to the value of the US dollar. A revolving line of credit for 15,000 Bitcoins was included in the sheet.
The loans are intended to be used as a safeguard for client assets in light of the current market conditions.
The sector is going through one of its most painful weeks on record as companies struggle to stay above water. Customer withdrawals were suspended by Celsius Network and Babel Finance as the market went quiet. There are plans to lay off staff at several firms.
There is acruciating week for traders.
Stephen Ehrlich, chief executive of Voyager, said that today's actions gave the company more flexibility to mitigate current market conditions and strengthen their relationship with one of the industry leaders.
Each facility has an annual interest rate of 5% on its maturity. The company has more than 200 million on its balance sheet.
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