Voyager Digital Buys European Crypto Exchange Focused on Institutional Investors
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....
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LGO exchange is a gateway for Voyager to access Europe. Crypto broker Voyager has teamed up with LGO, a European digital asset exchange focused on institutions. "LGO and Voyager will merge their services and offering under the Voyager brand, to offer a premium experience to retail cryptocurrency investors, in the US and in Europe," LGO CEO Hugo Renaudin told Cointelegraph. "European clients will be able to access the Voyager app using the LGO regulatory setup in Europe, and both LGO and VGX tokens will be merged into a new token."As a crypto broker, Voyager facilitates trades for customers....
Institutional investors are optimistic about the U.S. Securities and Exchange Commission (SEC) having more power to regulate the crypto market, a recent survey shows. They believe that if the SEC is granted extra powers, the prices of cryptocurrencies will be positively impacted.
What Institutional Investors Think About Crypto
Nickel Digital Asset Management, a regulated European digital asset hedge fund manager, recently released a report on the institutional adoption of crypto assets.
The report includes a survey and interviews with 50 wealth managers and 50....
FTX US was the successful bidder in the Voyager auction. But, one industry insider tells Cointelegraph that the deal didn't have depositors' best interest in mind. Voyager Digital filed for Chapter 11 bankruptcy in July after its exposure to the toxic Three Arrows Capital led to its ultimate downfall. This week, rumblings of a Voyager Digital auction surfaced, with Cointelegraph breaking the story on the afternoon of Sept. 26 after a reputable source confirmed the parties involved. A few hours later, a winner was announced — crypto exchange FTX US. But, not everyone is convinced that....
According to reports, the TSX-listed Voyager Digital is another company that has been negatively affected by financial issues tied to the crypto hedge fund Three Arrows Capital (3AC). In a letter to investors, Voyager’s management explained that 3AC potentially defaulted on a $655 million loan and it hopes to obtain some of the funds by the end of this month. The Three Arrows Contagion: 3AC Owes $655 Million to Voyager Digital — Management Has Set a Repayment Date 3AC’s financial hardships have seemingly started a contagion throughout the crypto industry and while a....
Voyager Digital is expected to roll-out their mobile trading platform in Europe in Q1 2022. Cryptocurrency platform Voyager Digital has been granted an official licensing approval from French regulatory bodies Autorité des marchés financiers and the Autorité de contrôle prudentiel et de résolution to facilitate a trading platform of 60 digital assets in the French and the European Union markets under the subsidiary LGO Europe SAS.Voyager, a United States-based, Canadian-listed company under ticker symbol VYGR.V, is reportedly the first organization outside of Europe to be designated a “Fit....