Voyager To Launch Commission-Free Crypto Trading Appbr>
Crypto brokerage Voyager is planning to launch a no-commission mobile trading app in Q4 this year.
Voyager is a crypto-asset broker that provides retail and institutional investors with a turnkey solution to trade cryptocurrencies. The company is headed by Stephen Ehrlich, the former CEO and founder of retail brokerage Lightspeed Financial, who also previously ran the professional trading arm of online stock broker E*Trade. Voyager’s other co-founders include Oscar Salazar, former Chief Technical Officer (CTO) at Uber, and Philip Eytan, an early Uber investor.
The mobile trading app intends to bring investors a single access point to trade and manage their assets across multiple crypto exchanges, without charging fees or setting minimums for orders. Voyager plans to list 15 cryptocurrencies, including bitcoin, ethereum and bitcoin cash, among others.
“A shared vision for how impactful this alternative asset class will become coupled with a belief that crypto-assets are empowering a new generation of investors is what brought us to launch Voyager,” said Ehrlich. “We looked at what was currently available for investors to participate in this market and agreed there needs to be a better way. Investors deserve an offering that is stable, safe and cost-efficient, and that provides them with the best features and functionality, including responsive customer service. They will have all of this with the launch of Voyager and be able to trade crypto assets with the same confidence that they have come to expect from more established markets.”
The Voyager app, which is currently in beta testing phase, will be available to residents in California, Massachusetts, Missouri, New Hampshire, and Montana. The company said applications to register in more key states are pending, with a goal of ultimately having more than 40 approved states.
“Our goal is to become a trusted agent and guide users through the new world of cryptos, said Salazar. “So we created an open architecture platform that is fully scalable to deliver a simple and intuitive user interface. It also provides access to a suite of tools and functionality including trading alerts, social media feeds and news, all to help users make smarter and more informed decisions.”
By offering a no-commission mobile trading app, Voyager expects to compete with stock and crypto brokerage app Robinhood, which in February launched its own commission-free crypto investing app. Robinhood allows users in eight US states to acquire cryptocurrency with no minimum purchase amount.