- Voyager Digital, the crypto asset brokerage service platform, has completed the buyout of VYGR Digital Securities, the Finra regulated broker-dealer.
- Voyager’s app has been successful in finding the best buy and sell price by screening multiple crypto exchanges and trading venues for its customers.
Voyager Digital, the crypto asset brokerage service platform, has completed the buyout of VYGR Digital Securities, the Finra regulated broker-dealer.
The takeover will aid Voyager to offer new services through a registered broker-dealer arm by upgrading its stake from a minority 24.9 % in VYGR Digital Securities to making the broker-dealer a wholly-owned subsidiary of the Canadian Enterprise.
This much-awaited acquisition will not only result in Voyager being able to offer a broader range of products such as its blockchain-based securities, but it will also put Voyager under a firmer regulatory standing with the Securities and Exchange Commission.
For VYGR Digital, this is an opportunity to streamline its operations to that which prescribed and regulatory complaint. The takeover will further act as a surety for YVGR digitals’ position as a placement agent for digital securities on the Voyager platform.
-said during the announcement of the takeover,
This is not Voyager’s first partnership in the recent times as the crypto-asset broker platform partnered with Avant-Garde, CoinDust, Blockforce, and Arwen among others to offer zero commission trading facility for the broker-dealers’ US-based clients.
The advantages of trade through an integration of Voyager’s execution service and the aggregation of crypto exchange data feeds has compelled firms to enter the collaboration.
Voyager’s app has been successful in finding the best buy and sell price by screening multiple crypto exchanges and trading venues for its customers. It is currently taking on the no-fee crypto trading leader Robinhood by offering more than 30 significant cryptocurrencies for commission free trading.
It is another popular feature is the instant account opening with just a minimum of USD 10. Its long list of deep-pocketed investors includes Uber co-founder Oscar Salazar.
The licensed crypto asset brokerage currently headed by Stephen Ehrlich, the former CEO and founder of retail brokerage Lightspeed Financial. Stephen Ehrlich was also famous for his work with E*Trade, the trading arm of online stockbroker.