Crypto Broker Voyager Digital AUM exceeds $ 2.4 billion after record-setting month

Crypto Broker Voyager Digital AUM exceeds $ 2.4 billion after record-setting month

“Our management team is focused on the long-term opportunity to capture significant market share within this rapidly expanding industry. The initiatives we are embarking on, such as adding new products to our platform and further geographic expansion, are designed to competitively position Voyager for long-term success,” said Ehrlich. Some amount of this growth may have been attributed to the company hiking the interest rate offered to customers on various crypto assets. Voyager customers were entitled to earn up to 6.25% on their Bitcoin (CRYPTO: BTC) holdings, 5.52% on Ethereum (CRYPTO: ETH) holdings, and up to 8% on Polkadot holdings. Join us on SPACs Attack w/ Matt Higgins & Gary Vee

What Else: The growing interest in cryptocurrency has led to larger transaction volumes and a surge in the average value of those transactions. According to metrics shared by the firm, the principal value traded on the platform reached $2.5 billion in March. “March was another record-setting month for Voyager as our retail-focused, zero-commission platform continued to attract an active community for both Bitcoin and our industry-leading offering of over 50 altcoins,” said Stephen Ehrlich, co-founder and CEO of Voyager. 

This is a sharp increase from the month of January where the principal transaction value was around $840 million. March also marked a milestone in terms of the number of users on the platform, with its total verified users crossing one million for the first time.

Source www.benzinga.com © 2020 Benzinga.com. Benzinga does not provide investment advice. All rights
reserved.

The News Highlights

  • Crypto Broker Voyager Digital AUM exceeds $ 2.4 billion after record-setting month
  • Check the latest News news updates and information about business, finance and more.
Disclaimer: If you need to edit or update this news from compsmag then kindly contact us Learn more

For Latest News Follow us on Google News


Latest Headlines
  • Show all
  • Trending News
  • Popular By week
Financial giant Fitch partners with SIDF Academy for Saudi talent program

Financial giant Fitch partners with SIDF Academy for Saudi talent program

This will offer a 76 percent reduction in their power consumption — equivalent to cost savings of 705 million dirhams — and will be structured as a 12-year ...
AGC Biologics Expands Partnership with Rocket Pharmaceuticals

AGC Biologics Expands Partnership with Rocket Pharmaceuticals

News Highlights Seattle, April 20, 2021 (News) — AGC Biologics, a leading global Biopharmaceutical Contract Development and Manufacturing Organization ...
With Motive to Solve Real Business Challenges, Ping YOUniverse Brings Together Identity Management Leaders and Security Professionals

With Motive to Solve Real Business Challenges, Ping YOUniverse Brings Together Identity Management Leaders and Security Professionals

In addition to customer presentations, Andre Durand, CEO and founder of Ping Identity, Candace Worley, Ping Identity’s chief product officer, and Richard ...
Michigan Ross receives over $ 1 million for business initiative + impact of Applebaum family generosity

Michigan Ross receives over $ 1 million for business initiative + impact of Applebaum family generosity

The B+I initiative at Ross was launched in 2018 with the vision of elevating the purpose and power of business to be a force for good in the world. The ...
Corsair Sabre RGB Pro review: The perfect lightweight mouse for FPS gaming

PC Gaming Mouse Market Demand with Industry Growth Trends, Competitive Landscape & Business Opportunities by 2027

“The global PC Gaming Mouse Market is poised to reach a CAGR of 20% from 2021 – 2027”. C Gaming Mouse market report focuses on the COVID19 Outbreak Impact ...
Your ACA Health Insurance Enrollment Checklist

Your ACA Health Insurance Enrollment Checklist

Silver Most popular plan category Moderate monthly premiums Moderate deductibles and copays Only plans in this category are eligible for cost-sharing subsidies ...
Mercury Insurance water leak detection program aims to save water and money for California homeowners

Mercury Insurance water leak detection program aims to save water and money for California homeowners

The Flume 2 works with virtually any water meter and is easily self-installed in minutes. The corresponding app allows users to view and monitor indoor and ...
Keen Interest and Veritable Initiatives of Energy Departments to assist Water Security Programs influences Growth in Produced Water Treatment Market, Valuation estimated at US$187.4 bn by 2031

Keen Interest and Veritable Initiatives of Energy Departments to assist Water Security Programs influences Growth in Produced Water Treatment Market, Valuation estimated at US$187.4 bn by 2031

Meanwhile, R&D of produced water is important in the larger interest of development of unconventional oil and natural gas resources of a nation. Produced ...
Roblox: Should there be age limits for games?

Roblox: Should there be age limits for games?

Roblox has a PEGI rating of 7 years and older, but the platform does also host some games which have been designed for older players too. For example ...
Lenovo IdeaPad Flex 5 drops to $555 in epic 2-in-1 laptop deal

Lenovo IdeaPad Flex 5 drops to $555 in epic 2-in-1 laptop deal

Right now, the Lenovo IdeaPad Flex 5 with Ryzen 7 CPU is on sale for $555 via coupon, “FLEX14DEAL” at Lenovo. That’s $205 off its former price of $615 and a ...
Show next
Compsmag - Latest News from tech, business and health
Logo