Crypto Asset Broker, Voyager Digital, Reports An Impressive 1,159% YoY Revenue Jump

2020-7-15 20:10

Voyager Digital Limited, a licensed Canadian crypto-asset broker, announced a preliminary unaudited revenue figure of $1.1 million after a sharp growth through the fiscal year ending June 30th, 2020. The strong revenue growth is greatly attributed to a strong Q4 where the revenues grew 701% year-on-year to $700,000.

The preliminary report, released by Voyager, showed that the unaudited revenues by the firm jumped an impressive 1,159% over the year to $1.1 million. The company registered over 230,000 customers in the past fiscal year as the brokerage accounts increased 750% year-on-year to 86,000 accounts.

The results show exceptional performance in the operational and financial milestones set by the firm. Stephen Ehrlich, CEO, and Co-founder of the brokerage firm said the company had increased its customers’ assets by 1,959% to $35 million, and the principal value traded grew to $165 million, representing a 725% YoY growth. Ehrlich said,

“Our exceptional business momentum carried over into the fourth quarter, where we saw strong revenue growth both sequentially and year-over-year. […] These results reflect our evolution this past year into a fully integrated digital asset agency broker.”

The rapid growth in Voyager follows a rapid expansion in its business capabilities, including the addition of 39 crypto assets on its platform, including XRP, Compound (COMP), Kyber Network (KNC), Multi-Collateral Dai (DAI) and Celo (CELO) among others.

Over the past fiscal year, the company has completed several partnerships and acquisitions, including Avant-Garde and Circle’s crypto investing app.

Read more: Voyager Raises $2.1 Million in Private Placement to Expand User Base

In the remaining part of 2020 (first half of 2021 fiscal year), Voyager aims at integrating USDC stablecoin as one of the assets, obtain a BitLicense from the New York State Department of Financial Services (NYSDFS) and extend their interest program to other assets.

“Looking ahead, we continue to take steps to strengthen the Voyager Platform, and grow both our retail and institutional customer base,” Ehrlich added.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Voyager Token (VGX) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0.1233
Капитализация $0 Rank 99999
Цена в час новости $ 0.0723666 (-100%)

accounts year 159 voyager impressive 230 registered

Источник: bitcoinexchangeguide.com

accounts year → Результатов: 126


Is International Pressures Forcing South African Banks to Close Crypto Exchange Accounts?

The big-four bank, Nedbank, may become the latest financial institution in South Africa to close cryptocurrency bank accounts, reports the local media channel. The bank will be following in the footsteps of the First National Bank (FNB) that closed the digital currency-related bank accounts back in November, last year citing lack of regulations as the […]

2020-1-26 00:55


Unverified accounts' trading of Litecoin, BTC, ETH and other cryptos restored on Poloniex

As 2019 comes to an end, looking back at the year, the cryptocurrency industry has witnessed several developments in its ecosystem. However, the ones that stood out were the numerous regulations imposThe post Unverified accounts' trading of Litecoin, BTC, ETH and other cryptos restored on Poloniex appeared first on AMBCrypto.

2019-12-22 12:30


DOJ, FBI, IRS Joint Task Force Arrest Twenty Year Olds For SIM Swapping, Stealing $550,000 In Crypto

SIM swapping is a method of infiltrating someone’s phone, presently being used in the crypto industry by hackers that want to steal cryptocurrency and take over social media accounts. The method has been used by multiple hackers, but a press release reveals that the FBI has already arrested two residents in Massachusetts for their own […]

2019-11-15 09:03


Tech Giant Google Gets into Banking Following Apple, Facebook Pay & Crypto Project “Libra”

Alphabet Inc.’s Google will start offering checking accounts to consumers sometime next year, becoming the latest technology giant to push into banking and finance. The project named Cache, created in partnership with Citigroup Inc and a small credit union at Stanford University is following in the footsteps of tech heavyweights Apple and Facebook that moved […]

2019-11-13 17:43


Indian high court orders Facebook to name activists behind #MeToo testimonial account

One year ago in India’s capital, New Delhi, the #MeToo movement started to pick up pace as hundreds of sexual harassment and abuse survivors anonymously shared their experiences online. Many of these testimonials were published by anonymous social media accounts to protect survivors’ identity, and safely raise awareness of the realities of sexual assault in India.

2019-10-4 12:41


Bitflyer Will Let Customers Open Accounts Again After One Year Of Voluntary Suspension

A cryptocurrency exchange based in Tokyo called Bitflyer has recently decided to let its customers open up accounts again after around a year in which the company voluntarily decided to shut down new registrations after receiving an operational improvement order from the Financial Services Agency (FSA), the watchdog that takes care of crypto exchanges in […]

2019-7-3 03:03


Bitcoin IRA Opens Retirement Accounts In Crypto As Retirement Portfolios Reach Record Highs

Bitcoin IRA, the largest Bitcoin retirement platform in the world, informed that investors are currently adding virtual currencies to their retirement portfolios as Bitcoin moves above $11,300. AT the same time, the company mentioned that they have seen more interest in the activity in the last six weeks than in over a year. Bitcoin IRA […]

2019-6-25 22:08


Rabobank is the second major bank to cancel its cryptocurrency wallet

After exploring the opportunity last year, major Dutch bank Rabobank has decided it’s not going to take its plans for a cryptocurrency wallet any further. In February last year, news surfaced that Rabobank was working on a cryptocurrency service – called Rabobit – which promised to bridge the gap between bank accounts and cryptocurrency wallets.

2019-5-23 14:00


Фото:

Bitfinex Scraps Its $10,000 Minimum Balance Rule

Bitfinex is now open to every trader as the Hong Kong-based cryptocurrency exchange has removed its $10,000 minimum balance rule. Citing a rising demand from retail traders who couldn't trade on the platform due to the requirement, Bitfinex CEO Jean-Louis van der Velde said the platform is now ready for a “new wave of customer accounts,” according to a company Medium post.

2019-4-11 21:50


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Voyager Digital recovers over $480m from FTX and 3AC settlements

Bankrupt firm Voyager Digital has announced that it has successfully recovered $484.35 million from FTX, Three Arrows Capital (3AC), and Directors and Officers (D&O) insurance settlements. The announcement on April 10 was part of a comprehensive status update to the United States…

Why Did Most Crypto Interest Accounts Fail in 2022?

The simple business model of making money on the spread between lending and interest paid to users seems sound, especially if the loans are over-collateralized and issued to trustworthy parties. The practice of lending can be traced back over 5,000 years to 3000 BC in ancient Mesopotamia; cryptocurrency lending is just an evolution.