Crypto Brokerage Voyager is planning to release a no-commission mobile trading app in the next few months.
Voyager is mainly a crypto-asset broker which allows retail and institutional investors with an absolute solution to trade cryptocurrencies. The company is operated by Stephen Ehrlich, who is the former CEO and founder of retail brokerage Lightspeed Financial. Voyager is also handled by co-founders like Oscar Salazar, former Chief Technical Officer (CTO) at Uber, and Philip Eytan, an early Uber investor.
In the upcoming years, there will be a great competition between Commission free crypto trading apps. The mobile trading app plans to bring investors with a single access point to trade and manage assets over different crypto exchanges free of cost or by setting a low charge for orders. The firm intends to list 15 cryptocurrencies, along with bitcoin, ethereum, bitcoin cash and others. Using no-commission fee-strategy, the firm desires to compete with Robinhood, a stock trading app which allows zero-free trading of five cryptocurrencies.
Stephen Ehrlich, CEO of Voyager said, “We saw an opportunity to build a dynamic smart order router that can take advantage of the marketplace and also offer customers no commissions” By continuously connecting and displaying prices from 10 cryptocurrency exchanges and 3 other market makers, Voyager hopes to perform more buy and sell orders as compared to competitors.
Ehrlich states that he became curious about the cryptocurrency just a year ago, and now he plans to provide services to individual and professional investors in the crypto industry.
Voyager app is already in the beta testing phase and the firm plans to release the commission-free trading app to the public in October 2018. The firm also plans to provide extra features for hedge funds and other institutional investors. Also, it plans to integrate crypto news and analysis feature in the mobile app.
Voyager app will be available to users living in California, Massachusetts, Missouri, New Hampshire, and Montana. The firm stated that applications to register in various key status is still pending along with aim of providing the app in 40 U.S states.
Oscar Salazar, one of the co-founders of Voyager stated, “Our goal is to become a trusted agent and guide users through the new world of cryptos” He added, “So we created an open architecture platform that is fully scalable to deliver a simple and intuitive user interface. It also provides access to a suite of tools and functionality including trading alerts, social media feeds and news, all to help users make smarter and more informed decisions.”
Voyager believes that crypto is not yet widely accepted in the US. Hence there are a lot of opportunities for newcomers to start their crypto-business. Also, the company wants to provide retail and institutional services and become part of the crypto industry as quickly as possible.