Crypto-asset platform Voyager Digital Ltd VYGVF announced this week that its users will be able to buy and sell stocks with cryptocurrencies.
What Happened: This development comes after Voyager partnered with Market Rebellion to operate a broker-dealer that will handle the equity trades.
Pursuant to that development, later this year, via the Voyager platform, customers will be able to trade USD Coin USDC/USD, operated by Circle, for stocks of their choosing.
“Incorporating stock trading, especially basing it on digital dollars, is a natural extension of what we’re doing, of our value proposition and what consumers are going to want in the near future,” said Steve Ehrlich, the chief executive officer and co-founder of Voyager.
Why It Matters: Voyager aims to provide retail and institutional investors turnkey solutions to trade crypto assets and offers execution, data, wallets, and custody.
The company is a Benzinga Listmaker, part of Benzinga’s Global Fintech Index, recognized for its accomplishments innovating, as well as merging the best of finance and technology.
The Last Word: "In 2021, we scaled our technology to accommodate rapid growth as mainstream crypto adoption accelerated,” Ehrlich said in the company's second-quarter report.
“Now, with our platform and technological capabilities enhanced, 2022 marks the next phase of Voyager's growth through product and geographic expansion, alongside marketing efforts to reach new customers.”
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.