Voyager Digital Announces Assets Under Management Have Grown 20X YTD

Voyager Digital, a licensed crypto-asset broker, has announced that assets under management has seen 20X growth this year. Digital assets continue to gain momentum among retail and institutional investors. Voyager has hit $100mm in AUM YTD, which is up from $5mm at the end of December 2019. 

Voyager Digital Assets Under Management

Voyager Digital, a crypto-asset broker serving retail and institutional investors, announced that AUM has grown 20X this year. The commission free trading platform continues to attract crypto investors through its diverse set of 50+ digital asset offerings. Investors are also taking advantage of alternative solutions such as the Voyager interest program, where users are earning 8.5% APR on stablecoins.

With 20X growth this year, Voyager Digital is now overseeing $100mm in assets under management. Back in December of 2019, the company was sitting right around $5mm.

Stephen Ehrlich, the Co-founder and CEO of Voyager stated that: 

“Over the last few months, Voyager has experienced exponential growth on our platform which has resulted in our AUM exceeding $100mm. Voyager’s offering of over 50 digital assets, including 22 interest-bearing assets, is winning over investors. As we increase our marketing reach, investors are gravitating to Voyager’s commission-free, easy to use platform, evidenced by our daily deposits increasing 25x since December.”

In a prior announcement by the firm, Visionary Financial reported that Voyager was projecting a ~ 200% increase in quarter-over-quarter-revenue for fiscal first quarter 2021. The crypto-broker continues to scale into additional market segments, and even added NBA hall of famer, Tracy McGrady to their advisory team. Tracy and his business partner are introducing the masses to digital assets through various giveaways. In addition, McGrady is educating on Stablecoins and explaining why Voyager’s interest program is offering incentives that traditional banks fundamentally cant.

During the announcement, Ehrlich also commented that: 

“Our industry-leading interest product allowing customers to earn interest on a compounding basis has propelled Voyager to being the preferred agency brokerage for trading, earning, and investing in digital assets. With the recent addition of NBA Hall of Famer, Tracy McGrady, our team will continue to bring products to the market, including a debit card and more traditional bank products, allowing easy adoption of these assets.”

Crypto Sentiment This Year

Aside from institutional investors getting heavily involved in digital assets this year, PayPal has recently announced the launch of crypto services to drive retail adoption. Many argue that this was the biggest news for the digital asset markets since inception. With support for BTC, ETH, BCH, and LTC, PayPal is making crypto accessible to ~ 200mm U.S. users. Additionally, PayPal plans to give 26mm merchants the ability to accept cryptocurrency in early 2021.

With large companies getting involved in the space, investor sentiment and comfort continues to increase. Unlike PayPal, investors are migrating to platforms like Voyager, where they leverage cutting edge tech and more offerings.

Notice: Information contained herein is not and should not be construed as an offer, solicitation, or recommendation to buy or sell securities. The information has been obtained from sources we believe to be reliable; however no guarantee is made or implied with respect to its accuracy, timeliness, or completeness. Authors may own the crypto currency they discuss. The information and content are subject to change without notice. Visionary Financial and its affiliates do not provide investment, tax, legal or accounting advice.

This material has been prepared for informational purposes only and is the opinion of the author, and is not intended to provide, and should not be relied on for, investment, tax, legal, accounting advice. You should consult your own investment, tax, legal and accounting advisors before engaging in any transaction. All content published by Visionary Financial is not an endorsement whatsoever. Visionary Financial was not compensated to submit this article Please also visit our Privacy policy; disclaimer; and terms and conditions page for further information.

You May Also Like
CryptoGPT

CryptoGPT Launches Its Native Token GPT: A Look Into the Future of AI for Crypto

With the increasing popularity of text-based artificial intelligence (AI) platforms, it’s no…
Why should users choose your crypto exchange instead of Binance?

Why should users choose your crypto exchange instead of Binance?

Since Bitcoin’s mainstream availability in 2009 ushered in a new age of…

COVID-19: Ongoing Impact On the Crypto Industry

There is a lot of news coming out every day regarding COVID-19…

Aeternity Starfleet Program Propels Blockchain Adoption In India

Bangalore, March 5, 2020:  AE Ventures, a blockchain investment company that launched the…
What is Web3 Gaming?

What is Web3 Gaming?

Web3 gaming is more than just a new trend in the digital…

Golem Network Token: Top Executives Resign To Research Further Enhancements For GNT

Golem Factory’s managers are unveiling an innovative non-profit-making enterprise known as the…

Facebook Libra Rival, Celo Launches With 50-Member Association

Some members of the Libra Association such as Coinbase Ventures and Andreessen…
crypto markets

Crypto Markets Add $13 Billion As Stocks Decline On Failed Stimulus – Weekly Recap

Crypto markets added $13 billion in value last week, as a handful…
HitBTC

HitBTC Increased Borrowing Limits On Margin Trading

Margin trading, a new feature available on the main HitBTC platform, has…
The Benefits of Using NFT PR for Marketing

The Benefits of Using NFT PR for Marketing

In the world of digital marketing, new technologies are emerging all the…