Uber Backed Crypto Exchange Set To Offer Commission Free Trading
A brand new licensed cryptocurrency exchange by the name of Voyager is set to go live at the end of 2018, with a brand new concept that will offer traders access to the commission free trading of 15 cryptocurrencies.
Voyager is backed by the founding members of Uber and promises to enter the US markets with a big impact. Given that the platform wonât take any commission from trades we can assume that Voyager is going to be popular through its cost effectiveness.
As it stands, Voyager is available for pre-registrations in numerous states in the US, including California, New Hampshire and Missouri. A part of the launch of Voyager will see it open its doors to customers in a number of states, before expanding across the US. Assuming all goes well, we should expect to see Voyager also open its doors to international customers too.
According to Finance Magnates:
âVoyager is headed by Stephen Ehrlich, the former CEO and founder of retail brokerage Lightspeed Financial who also previously ran the professional trading arm of online stock broker E*Trade. The startupâs other co-founders include Philip Eytan, an early Uber investor and Oscar Salazar, the former chief technology officer of the ride-hailing company.â
Moreover, Stephen Ehrlich, the CEO of Voyager has commented, stating:
âOur 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.â
See more for yourself, here.
We are seeing more of this nuwave exchanges come about. The reason for this is pretty clear though. In order to keep up with the competition, exchanges need to offer new concepts and new ideas. If they donât then how can they expect to bring in new customers? Itâs a simple concept, but a very important one.
Look at exchanges like Robinhood. Is Voyager about to become their biggest competitor?