More About Cryptocurrency Exchange Voyager

The Voyager Exchange is another cryptocurrency firm that is currently publicly traded in Canada. At the current moment, there are only a few cryptocurrency-related companies that are publicly traded, and another is Galaxy Digital Holdings. The entity notes that it is “a licensed crypto-asset broker that provides investors with a turnkey solution to trade crypto-assets.”

[wlm_private “Crypto Trader Pro – Monthly|Crypto Trader Pro – Yearly|Crypto Trader Pro (Lite)”]

The exchange is one firm that CryptoTraderNews tends to check in on from time to time to view it’s the latest progress, and we’re happy to analyze its latest progress update.

Let’s start with where the company is trading at today.

Voyager Exchange Stock Trends

Voyager Exchange stock (VYGR) is down at the time of this writing. The CSNX listed VYGR stock is down from 0.60CAD in September 2019 to 0.30CAD in December 2019. This decline means that interested stockholders can scoop up Voyager Exchange stock (VYGR) for a significant discount relative to the prior value.

But speaking of value, where can we find value with the Voyager Exchange?

Let’s take a look at some of the key reasons why the Voyager Exchange is compelling and recent events that show strong promise.

Voyager Exchange Critical Aspects

Here are a few reasons to be bullish on Voyager Exchange:

• Founders with technology experience at firms ranging from Uber to E*TRADE.
• Trusted and Secure Access point to crypto trading.
• Regulated and publicly listed on a respectable Canadian exchange.
• Commission-free trading and access to the largest crypto trading market.
• The Voyager app is available on iOS and Android to all U.S. residents except those residing in New York.
• It conducted an ETHOS acquisition earlier to increase its enterprise value and benefit from the ETHOS ecosystem.

Operational Milestones to Pay Attention To:

• “Grew number of customer-funded accounts by 44% from September 30, 2019, to November 30, 2019
• Increased number of Know Your Customer (“KYC”) compliant accounts by 47% during the same period
• Average transaction amount increased 100% to $600 as of November 30, 2019, up from approximately $300 as of September 30, 2019
• Grew customer assets by about 50% from September 30, 2019, to November 30, 2019″

The firm is committed to growing its userbase, as evidenced by its focus on rolling out its Android application.

“We continue to experience tremendous account growth driven by the Voyager App’s availability now for Android, which represents 70% of the mobile market,” said Stephen Ehrlich, CEO, and Co-Founder of Voyager Digital.

Voyager Assets

Leadership at the firm maintains that it attracts capital with different programs such as the Voyager Interest Program, a standard industry practice, where exchanges give interest for select coins.

“Our assets under management have also risen due to the Voyager Interest Program, a unique offering allowing Bitcoin holders to earn 3% interest on their assets.”

Further, investors in Voyager would also see that Voyager has a cryptocurrency called the Voyager Token (VGX) that will help to incentivize growth. The Voyager Token has a current market capitalization of $3 million.

Voyager Exchange Growth Areas

As noted earlier, the android market will be a legitimate growth area in addition to further partnerships.

Voyager leadership comments, “Additionally, our six API distribution partnerships announced since July continue to source new customer accounts, further increasing liquidity. As our customer accounts grow, we expect to see transaction sizes increase even further as the platform becomes populated by users who are both more engaged, and trading in higher quantities.”

API- Integration

They have partnered with firms such as RoundlyX, Avant-Garde Trading Securities, Market Rebellion, Sterling Trading Tech, Tiger Trading, and up and other coming platforms to give various userbases with access to cryptocurrency trading capabilities.

Future Milestones

The firm expects to grow its international user base in 2020, acquiring the coveted Bitlicense to operate in New York, add self-custody, and grow further partnerships.

They plan on expanding their Voyager Interest Program to include crypto assets such as Ethereum and Litecoin.





Disclaimer
Content provided by CryptoTraderNews is for informational purposes only, and should not be construed as legal, tax, investment, financial, or other advice. All information is of a general nature. As always, there is risk with any investment. In exchange for using our products and services, you agree not to hold CryptoTraderNews Pro, its affiliates, or any third party service provider liable for any possible claim for damages arising from decisions you make based on information made available to you through our services.

[/wlm_private]

Want to read the rest of the article? Join our pro-membership and receive all of the following:

✅Access to ALL content.
✅Access to the CTN editorial staff.
✅Access to our CTN trading dashboard.
✅Access to our exclusive telegram channel where all our pro-members and editorial staff are in. 
✅Ability to request content/research material!

Join now!