VANCOUVER, British Columbia--(BUSINESS WIRE)--Voyager Digital (Canada) Ltd. (“Voyager” or the “Company”) (TSXV: VYGR) (OTCPink: VYGVF) (FRA: UCD2), today provides the following update to shareholders from its CEO, Mr. Stephen Ehrlich.
On June 30th, 2019, Voyager completed its fiscal year and I would like to take this time to review and reflect on Voyager’s achievements during our first five months post our successful Toronto Stock Exchange Venture listing on February 11, 2019. Voyager is committed to providing secure custody and best execution on a vast offering of crypto-assets in the marketplace.
Key Achievements since February 11th, 2019:
● Now live in 49 states in the United States
● 4x increase in new customer accounts in June alone
● Average of 8 trades executed per customer in June
● Improved pricing on more than 90% of the trades
● Acquired a FINRA-regulated broker dealer
● Pending regulatory approval on the Ethos wallet acquisition
In late 2017, the founding members, led by Uber’s founding CTO, Oscar Salazar, started Voyager’s mission to become an industry leader in the crypto brokerage industry. The founding team believed that the crypto industry is still the early stages of cryptocurrency and digital asset adoption.
Since its listing, Voyager has delivered on its promise to create the first publicly traded Crypto Asset Brokerage firm, with a mission to provide best-in-class execution on a wide variety of crypto assets, and offer a safe and secure environment to store crypto assets. Voyager’s fully functional platform is based on some core technology pillars including:
● Fully/compliant application that allows customers to open new accounts in less than 90 seconds
● Ability for customers to fund an account and trade in less than 30 seconds so they never miss a trade
● Dynamic and smart router that efficiently and instantly executes trades across more than 10 liquidity venues
Voyager now allows United States-based retail customers across 49 states the ability to trade more than 20 different crypto-assets commission-free in a fast and secure manner using our highly rated iPhone app.
The recent expansion into more states and a strong marketing push brought strong growth to Voyager, when its customer account base grew 400% and the notional value traded by 200%. Additionally, the Company has very active, engaged users with the average customer executing eight trades per month in June.
In late February 2019, Voyager announced the acquisition of Ethos, a leading crypto-asset custody technology which included with more than 150,000 thousand existing wallets. The addition of Ethos gives Voyager’s customers the ability to self-custody all their coins and enable seamless transfers of coins all within the Voyager mobile app. The acquisition is pending Regulatory approval.
The Company is extremely excited about what we have accomplished so far and is looking forward to the second half of the year. Voyager is primed to execute on several key initiatives including:
● Launch of its mobile app on Android
● Expand internationally, starting with Canada
● Add support for more popular crypto-assets
● Enable transfer of crypto from other platforms
● Add new white-label institutional partners
Voyager has built an extremely scalable system that is engineered for significantly more volume. We believe these initiatives will drive significant new account growth and generate high volume of trades through our platform. Voyager is extremely optimistic about its future as we continue to build out our business.
As Voyager looks to its fiscal year ending 2020, Voyager believes multiple value drivers exist for shareholders as investors recognize the strategic value of the technology that the Company has built.
To our shareholders, once again, on behalf of myself and my co founders, Philip, Gaspard, Oscar, Serge, and the rest of the Voyager team, we thank you for your support as we continue to strive to create shareholder value as we build and develop the market’s only Public Company agency crypto broker.
Stephen Ehrlich and the Voyager team
About Voyager Digital (Canada) Ltd.
Voyager Digital (Canada) Ltd. is a crypto-asset broker that provides retail and institutional investors with a turnkey solution to trade crypto assets. Voyager offers customers best execution and safe custody on a wide choice of popular crypto-assets. Voyager was founded by established Wall Street and Silicon Valley entrepreneurs who teamed to bring a better, more transparent and cost-efficient alternative for trading crypto-assets to the marketplace. Please visit us at https://www.investvoyager.com for more information and to review the latest Corporate Presentation.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. No securities regulatory authority has either approved or disapproved of the contents of this press release. Forward-Looking Information: This news release contains certain information which constitutes ‘forward-looking statements’ and ‘forward-looking information’ within the meaning of applicable Canadian securities laws. Forward-looking statements in this news release include, without limitation: statements pertaining to the timing of any regulatory and stock exchange approvals therefore; Forward-looking statements involve known and unknown risks and uncertainties, most of which are beyond the Company's control. For more details on these and other risk factors see the Company’s most recent Annual Information Form on file with Canadian securities regulatory authorities on SEDAR at www.sedar.com under the heading “Risk Factors”. Should one or more of the risks or uncertainties underlying these forward-looking statements materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results, performance or achievements could vary materially from those expressed or implied by the forward-looking statements. Accordingly, undue reliance should not be placed on these forward-looking statements.
The forward-looking statements contained herein are made as of the date of this release and, other than as required by applicable securities laws, the Company does not assume any obligation to update or revise it to reflect new events or circumstances. The forward-looking statements contained in this release are expressly qualified by this cautionary statement.