Voyager, a no-fee crypto exchange backed by a few major players in the financial world, is set to begin operating in October. It aims to have the best execution around, lists the most currently popular coins and features 24/7 chat support (slow claps – Coinstaker), news, research, and information, a license, optimal transparency, smart order routing, no-minimum fiat/crypto funding, transparency, and top of the line security. Stephen Ehrlich, Co-Founder, and CEO:
“A shared vision for how impactful this alternative asset class will become coupled with a belief that crypto-assets are empowering a new generation of investors is what brought us to launch Voyager. “We looked at what was currently available for investors to participate in this market and agreed there needs to be a better way. Investors deserve an offering that is stable, safe and cost-efficient, and that provides them with the best features and functionality, including responsive customer service. They will have all of this with the launch of Voyager and be able to trade crypto assets with the same confidence that they have come to expect from more established markets.”
What’s impressive about Voyager?
Voyager is staffed by some of the most experienced professionals from across the board, including representatives of Wall Street, Morgan Stanley, Uber, and E*Trade. The platform will feature all the best features of the old plus a wide variety of tools you were exasperatedly looking for in current exchanges. What else is lifting off the ground?
“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,”
Voyager’s affiliates and customers range from ordinary traders to Wall Street Institutions – and the target audience keeps growing. Ehrlich and Co are building an open architecture infrastructure that could connect custodians, banks, and Wall Street with the beginner and veteran crypto users and create an unfragmented crypto-ecosystem that Voyager could be the foundation of. The impressive (even formidable, as it has been called) array of tools Voyager can boast could well set it as the landmark of the new era ( a new era for all – indeed).
“We don’t think crypto has been adopted yet by the masses in the United States,”
– Ehrlich stated –
“I believe the market space itself is extremely large…We think the opportunity for both retail and institutional is vast, and we want to be part of that, and help the industry grow, and be good citizens to the industry, and help people get more knowledgeable in crypto assets.”
While the company staff is working on getting a license in more than 40 states (currently only a handful of states can access the exchange), the exchange is set to get real in Q4 of 2018.
Voyager will be offering high-level services as well as a no-fee system, which no doubt will be appreciated by scalping enthusiasts as well as seasoned traders who will benefit from open architecture and a wide array of tools as well as the most popular coins on the market today – and a system well suited to the needs of the market.
In his interview to Fortune, Ehrlich added:
“Sometimes you go to trade on a certain exchange, but there’s no liquidity there. 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 beating the average price of the coins at the point in time we execute the trade.”
Voyager not only features some promising theoretical features, but also 3 liquidity providers and 10 exchanges, the numbers of which keep on growing, which means, at least according to Voyager, that it has the best execution around, with, as Ehrlich states, comes down to “price, speed, liquidity, reliability”. One of the numerous advantages of this exchange is that the user does not need to access multiple accounts on different exchanges but will be able to just open one account and go global.
Voyager’s main criteria for accepting coins is regulatory, execution, and security, and for the reason that the new coins take a while to assess the existing list of 15 coins is expanded slowly, although new ones are planned to be added soon, and new exchanges are joining, too. Even though it seems Bitcoins started its path somewhere quite shady and as intransparent as it can get, ultimately the technology around it is being used to make the world as legal and see-through as possible.
What is the impact so far?
The market seems to be noticing Voyager, too. One of the most cooed-over businesses in the business, Robinhood with its transaction base of over $100BN, has long been the object of affection for its no-fees trading policy. Now there is a new company with not only a wide arsenal of new techniques and a very well thought-through structure, but also plans of vast expansion and building a whole eco-structure:
“Our multi-exchange platform will help aggregate and unify a largely fragmented ecosystem, offering retail investors fast execution and better pricing,”
Voyager is also built in a very profound way, it seems, that allows it to not charge the customers but instead find the best deals possible and thus generate an income for itself, which is a remarkable example of intelligent design, if you ask us.
Picture via Cryptocurrency Times
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