Voyager, a startup backed by Uber co-founder, Oscar Salazar, has introduced that it’ll launch a commission-free cryptocurrency buying and selling platform. It’s meant to perform as an aggregation engine for cryptocurrency costs throughout greater than a dozen buying and selling venues.
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Startup Based by Uber Alumni to Host Fee-Free Crypto Trading
Voyager has revealed that it intends to supply fee-free buying and selling for pairings of at the least fifteen completely different cryptocurrencies on the brand new platform, together with BTC and ETH.
The platform has been described as intending to “perform as a type of aggregation engine for cryptocurrency costs throughout greater than a dozen buying and selling venues, permitting clients to purchase and promote Bitcoin and different digital property at the perfect worth accessible amongst them.”
Voyager Goals to Compete with Robinhood
Voyager seeks to compete straight with Robinhood – a preferred inventory buying and selling app that hosts commission-free buying and selling for BCH, BTC, ETH, LTC, and DOGE pairings.
Voyager will concurrently supply the costs accessible on ten digital foreign money exchanges and three extra market makers, with the corporate hoping to entice liquidity by providing higher costs to merchants than any sole alternate.
Stephen Ehrlich, the CEO and co-founder of Voyager and the previous CEO and founding father of Lightspeed Monetary, acknowledged: “We noticed a possibility to construct a dynamic sensible order router that may make the most of and likewise supply clients no commissions.”
In accordance to Mr. Ehrlich, Voyager will generate income “by beating the common worth of the cash on the time limit we execute the commerce.” Mr. Ehrlich added that the corporate has already raised “vital capital” from the family and friends of the corporate’s co-founders. Oscar Salazar, the founding architect and chief know-how officer of Uber, can be a co-founder of Voyager, alongside, early Uber investor, Philip Eytan.
Voyager Licensed in A number of U.S. States
Voyager is presently coming into beta testing, with the corporate anticipating that it’ll launch a cellular buying and selling app earlier than November of this yr. At the moment, the platform is licensed in California, Massachusetts, Missouri, New Hampshire, and Montana, with the corporate hoping to ultimately service at the least forty U.S. states. The corporate has additionally indicated that it intends to supply unique companies for institutional traders.
Mr. Ehrlich concluded that he “do[es]n’t suppose crypto has been adopted but by the lots in america,” including “ I imagine the market house itself is extraordinarily massive…We predict the chance for each retail and institutional is huge, and we would like to be a part of that, and assist the business develop, and be good residents to the business, and assist individuals get extra educated in crypto property.”
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