Voyager CEO Says Revenue Growth Accelerates 8-Fold as DeFi Trading Surges
CEO Steve Ehrlich says this quarter's revenue is on track to double what the company produced in all of its last fiscal year.
Publicly traded digital-asset brokerage Voyager Digital registered four-digit growth in revenue in the last fiscal year.
Crypto asset broker Voyager Digital Ltd reported Monday that revenue for the fiscal first quarter ended Sept. 30 soared 186% to $2 million from $700,000 the previous quarter, as more users utilized the platform. ● Voyager co-founder and chief executive officer Stephen Ehrlich said the number of people using their brokerage to invest in cryptocurrencies such as bitcoin (BTC) and ether (ETH) has climbed 20% since September to date. ● According to Voyager’s earnings release, the Canada Stock Exchange (CSE)-listed firm now has a total of $150 million in assets under....
The Canadian crypto broker said its revenue growth was due to the growing adoption of cryptocurrency.
Voyager said it will suspend trading in XRP, effective Monday, Jan. 18, at 12:00 p.m. New York time.
Crypto-asset broker Voyager Digital Ltd is buying LGO Markets, a French cryptocurrency exchange focused on corporate investors. The two firms will merge under one brand, Voyager, and their two separate native tokens, VGX and LGO, will also merge. The deal grants Voyager, a Canadian Securities Exchange-listed (CSE) firm, access to the European retail market through LGO’s Virtual Asset Service Provider licence held with the French financial regulator, industry media reports. LGO will cease to concentrate on institutional investors on Oct. 31, as it simultaneously assumes the Voyager....