Voyager Digital to Make Money With Commission-free Trading
If one goes to Voyager’s website page, in the ‘About’ section, one will come across the core objective of the company. The company aims to build a broker which will be suitable tot he crypto market space. The company is made up of a strong team having financial and technological experts. A few wall street and Silicon Valley professionals and business people came together to form a crypto brokerage startup named Voyager Digital.
This company works as a platform to help people to help users find the best value for cryptocurrencies such as Bitcoin and others. To make this dream come true, the company has recently launched a mobile application for which will perform commission-free trading of 18 crypto assets. These are a few of the largest and most liquid crypto assets in the world.
The app is currently available on iOS operating systems, and its Android version is yet to be launched. The press release issued by the company said that it would start with a measured/controlled roll-out of the product for clients from a few states of the US like Arizona, Kentucky, Missouri, Montana and Wisconsin among a few others. These are the states where people have already shown interest to trade in digital assets.
The company has a plan to offer its services to clients across the forty states in the US before the end of this year. The process is in motion and states other than the initially chosen one are in the wait-list. The company has indicated that it has joined hands with multiple crypto exchanges and liquidity services providers; but, the company has come across the loopholes present in the market and wanted to leverage pricing disparities in the market to protect their clients’ money.
The company said it takes a fraction of the clients’ saving and send the rest to the customers.
This allows the company to operate as per its unique structure (commission-free) and continue saving client’s money on trades, the company said. However, it did not specify the exact fraction of the saving it would be keeping.
Apart from making trades possible without charging brokerage, the app is coming with tax analysis services. As per the statement issued by the company, the app allows opening an account with minimum USDC10; the currency accepted in USD for now. The company provides security, wallet and custody services.
The company’s vision is to bring the crypto brokerage experience in line with what investors are expecting, said the CEO of Voyager Digital. He said that his company knows very well that there was a better and cost-efficient way of making a transaction.
The company has gone public in Canada and has started trading on the Toronto Venture Exchange. The CEO said that the decision was taken to go public to create trust in the minds of customers. Now that the company is a public entity, it permits traditional investors to get exposure to the future asset class and financial utility of these assets.