New York-based Voyager to launch commission-free mobile crypto trading app

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New York-based Voyager to launch commission-free mobile crypto trading app

Thu, 26 Jul 2018, 10:56 am UTC

Voyager, a new crypto asset brokerage, has announced its first offering – a mobile application that will provide retail investors an institutional-grade platform to efficiently and securely manage all their crypto assets in one place, with no commissions and no minimums.

The mobile app is expected to launch with an initial support for 15 digital currencies. Through the optimal mix of exchanges, it will provide investors with smart order routing based on market conditions. Other key features of the app include instant account opening and funding in fiat and cryptocurrencies with no minimums, high-speed fiat-to-coin and coin-to-coin trading at better pricing and no commissions, and news, social feeds and alerts to keep users connected to the market.

According to Fortune, Voyager expects to compete with Robinhood, which also provides zero-commission trading of five cryptocurrencies.

“Our multi-exchange platform will help aggregate and unify a largely fragmented ecosystem, offering retail investors fast execution and better pricing. Additionally, we have developed and adopted best-in-class security practices in line with banking, brokerage and healthcare standards offering investors a safe and secure environment to invest in this new asset class,” said Stephen Ehrlich, Co-Founder and CEO.

Founded by a team that has track-records of transforming industries through disruptive technology, Voyager’s co-founders bring over 80 years of experience in financial services and technology at companies like E*Trade, Uber, Lightspeed, Kapitall, Trade.it, and Pager.

Currently in beta testing phase, Voyager plans to launch in Q4 2018 to residents in California, Massachusetts, Missouri, New Hampshire, and Montana. It is registered with FinCen and plans to launch its services in more than 40 states.

“Our goal is to become a trusted agent and guide users through the new world of cryptos. So we created an open architecture platform that is fully scalable to deliver a simple and intuitive user interface,” said Oscar Salazar, Founding Investor at Voyager and formerly Founding Chief Technology Officer at UBER. “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.”