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cryptocurrency

Voyager Brings No-Fee Crypto Trading Services on Android – Finance Magnates


Voyager has introduced its crypto brokerage and trading services for Android users by launching a mobile application, the company announced on Monday.

The move was made to capture the wide market of Android users in international markets. The company also detailed that the mobile platform will allow traders to buy and sell more than 30 digital currencies.

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Commenting on the development, Stephen Ehrlich, co-founder and CEO of Voyager Digital, said: “Android users account for 70percent of the mobile market, so this launch dramatically increases our potential user base. It is also the next critical step of our mission to build mainstream capital market infrastructure for digital currencies and assets, and make Voyager the preferred service provider in the sector.”

The New Jersey-headquartered company already entered the mobile trading space earlier this year by introducing the same services to iOS users.

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Rise of commission-free trading

Voyager entry in the market made a bang as the company replicated Robinhood’s commission-free trading model to beat the well-established industry giants like Coinbase.

Moreover, to attract traders and holders to the platform, the company announced a 3 percent interest on all Bitcoins held on its platform under a program named Bitcoin Interest Program. In addition to Bitcoin, the platform will pay an interest of 5 percent on the platform’s native Ethos tokens.

Earlier this year, the company acquired wallet platform Ethos.io for a sum of $4 million and made Ethos tokens as its native mode of transaction. It is now in the process of rebranding the tokens to Voyager tokens (VGX).

The announcement also detailed that new traders can directly open an account and deposit USD on the mobile app, cutting the need to access its web-based platform.

Apart from attracting retail traders, the company is also targeting the lucrative institutional traders as last year one of its subsidiaries launched an institution-specific crypto trading platform.





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