Voyager Digital Being Sued for Allegedly Misleading Investors on Trading Fees

Posted on by American Coins & Gold

Voyager Digital Being Sued for Allegedly Misleading Investors on Trading Fees
Publicly-traded cryptocurrency exchange Voyager Digital is facing a proposed class action lawsuit over alleged hidden fees being charged on its trades, according to a suit filed in a federal Miami court on Dec. 24.The lawsuit, filed on behalf of Florida resident Mark Cassidy, alleges that while Voyager claims to be a commission-free platform for users, it utilizes various methods to charge secret commissions on all its trades, including by keeping the spread (or the difference between the “bid” and “ask” price) intentionally wide.These practices likely create more in hidden commissions than Voyager’s competitors collect from their disclosed commissions, the suit…