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.
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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.
The Canadian trading and yield app recorded $60 million in revenue for Q1, 2021. Crypto asset trading firm Voyager Digital has announced financial results for the first quarter of 2021, and they are impressive.The retail crypto trading and yield platform reported another record quarter, with momentum continuing into the current quarter. Total revenue for the period came in at $60.4 million, more than a 16x increase from $3.6 million over the previous quarter.The company ended the quarter with an operating profit of $30 million and an adjusted working capital of $197 million. It was the....
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