Voyager, A Cryptocurrency Brokerage Startup Goes Public

by | Feb 9, 2019 | Cryptocurrency, Cryptocurrency News

Voyager | Cryptocurrency Brokerage | Public

Voyager, the cryptocurrency brokerage startup announced recently that they are going public on Canada’s TSX Venture Exchange. The startup will go publicly live through a reverse merger valued to be at $60 million.

Voyager enters the reverse merger with an inactive mineral exploration firm by the name of UC Resources LTD. With the recent deal concluded as of  February 7th, the merged entity is named Voyager Digital (Canada) Ltd. Stephen Ehrlich, the co-founder, and CEO of Voyager commented:

This is a crucial step for our growing company as we now have a solid capital base with which to grow, expand and continually improve our offering for investors”

Ehrlich further explains that the merger enhances the transparency to Voyager’s clients through the mandatory periodic disclosures of their financials. The aforementioned disclosure is part of the terms and condition placed by the Canadian securities regulators for all companies trading in the sphere of their jurisdiction.

While the firm was supposed to live during the last years’ fourth quarter, things got pushed. Voyager’s CMO Steve Capon alleged that their current waiting list has already reached ” the six figures” range. Furthermore, the startup plans to offer $15 in bitcoin for initial retail customers to make early sign-ups even more welcoming. For now, the platform’s launch is scheduled for sometime during this month.

Ehrlich added that issuing publicly traded shares will provide the company with much-needed currency. They will then utilize said currency to make strategic acquisitions to make a nascent business He further elaborated:

“We’re actively looking for parts of the crypto ecosystem that fit with us, that fit with our mission and our culture. Having cash plus a public currency will make us more efficient and give us more opportunities.”

A plan to offer zero-commission crypto trading to retail investors is also in the pipeline. In addition, they’ll allow retail and institutional investors trade cryptos across many exchanges utilizing a single mobile app account. A smart order routing system will provide mobile users with the best prices available for them.

Read more: Mauritanian FSC Might Approve Digital Asset Custodian Licensing Framework

Arshmeet Hora

The idea of expressing one’s views and reviews through words is beyond intriguing. What started as a creative let out has now become a passion and a profession for Arshmeet K Hora. In her own words ” with every word, every article that I write, my passion towards this medium has grown stronger.”  Arshmeet covers latest crypto news and updates as well as what happening new revolving around Blockchain Technology.

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