Voyager Launching This Month
February 08 2019 - 12:15PM
ADVFN Crypto NewsWire
Bitcoin Global News (BGN)
February 08, 2019 -- ADVFN Crypto NewsWire -- Last summer a
new cryptocurrency exchange made headlines for big name founders
and a novel method bringing licensed cryptocurrency trading to
retail investors. CEO of Voyager cryptocurrency exchange Stephen
Ehrlich worked previously with E*Trade, and co-founder Oscar
Salazar is was the Founding Chief Technology Officer at
UBER.
One of the biggest issues for
cryptocurrency related businesses is custody services and security.
For exchanges, many have gone the route of using a third party
financial institution that is licensed to handle cryptocurrencies
to accept fiat deposits and withdrawals, while others simply don’t
support this feature. Voyager attempts to take the best of
decentralized exchange features with the proper regulatory
compliance of other exchanges like Coinbase.
A Router
Exchange
Rather than being a true exchange,
Voyager sources exchange rates from a pool of other cryptocurrency
exchanges. This process is exactly what ShapeShift.io operates
with, but in contrast, Voyager will have institutional grade KYC
and AML requirements, and offer fiat currency deposits and
withdrawals as well. This method drastically increases liquidity
for users, but does not guarantee them the best trading prices.
However, to compensate for this Voyager will off totally commission
free trading, with no minimums. Other features include:
-
Instant account opening and funding
in fiat and cryptocurrencies
-
Access to 15 of the most popular
digital assets
-
Smart order routing of a mix of
exchanges based on market conditions
-
High speed fiat/coin and coin/coin
trading
-
Live news, social feeds and alerts
the market
-
Intuitive interface and advanced
tools to trade via research and tracked investments
-
24/7 customer service through
instant chat and phone
The new exchange platform is coming
close to public launch, and has been in beta testing since June. At
that time, they had earned licensing in five U.S. states, and are
now to a total of 10. To help gain positive press and the ability
to move forward with more U.S. and international licensing, the
company itself will be publicly listed soon on the TSX Venture
Exchange in Canada.
A reverse merger valued at $60
million between New York-based Voyager Digital Holdings and UC
Resources Ltd. is making the public listing possible. Voyager
acquired UC Resources Ltd. which closed their mineral exploration
operations in 2015 in an entirely stock funded deal. The new
organization, Voyager Digital (Canada) Ltd., will begin trading on
Feb. 11. The company hopes to continue with mergers that will
expand their business model:
“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.” - Stephen
Ehrlich
By: BGN Editorial Staff
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