Crypto Broker Voyager Goes Public on the Toronto Venture Exchange

Joseph Morris / Flickr

Voyager, a startup that provides retail and institutional investors with cryptocurrency trading solutions, has officially been listed on the Toronto Venture Exchange (TSX.V) under the symbol VYGR.V.

According to the announcement, which was made by CEO Stephen Ehrlich, Voyager opted for the reverse takeover route, acquiring all of the shares of Voyager Digital Holdings, Inc.

“While reverse takeovers are an increasingly popular business strategy for many emerging companies, the idea of a young company going public may at first glance seem out of the norm,” said Ehrlich. “For us, the choice made perfect sense. It offered Voyager the chance to bring transparency to our business, maturity to the crypto market and to provide the world with an opportunity to invest in a public crypto trading company through the traditional¬†market.”

The listing is designed to drive transparency in the crypto market while promoting adoption by allowing traditional investors to tap into digital assets through the public equity market.

Voyager iOS beta

“By becoming a publicly traded entity, Voyager allows the traditional investing community to tap the public markets for exposure to this important asset class and financial utility that is built upon the technology of the¬†future,” Ehrlich added.

Voyager isn’t the first crypto¬†firm to list on the TSX Venture Exchange to increase exposure.¬†Mike Novogratz‚Äôs cryptocurrency focused merchant bank,¬†Galaxy Digital¬†(GLXY), listed last August. Since that time, the share price has fallen roughly 29% as the company continues to struggle with operating losses.

Moving forward, Voyager plans to leverage the new shares and capital to¬†further expand its offerings and grow the company. According to Ehrlich, Voyager is “now actively looking for parts of the crypto ecosystem that fit with our mission and our culture.”

More: Why Voyager is a Public Company
Photo: Joseph Morris / Flickr

Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.

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