In this article, you will learn what is Voyager and how did Voyager grant the European trading license. Voyager, a United States-based, Canadian-listed company under ticker symbol VYGR.V, is reportedly the first organization outside of Europe to be designated a “Fit and Proper” approval status of this kind.
What is Voyager?
Voyager is a cryptocurrency broker that facilitates trading across more than a dozen of the best cryptocurrency exchanges. It's not an exchange itself; instead, it uses proprietary technology called the Voyager Smart Order Router to give customers access to dozens of currency exchanges.
US residents in any state except New York can trade on the platform. Voyager intends to expand internationally in 2021. so anyone outside the US can join a list to get on the platform when it does.
You have to download the app to use Voyager, and it's available for iOS and Android. You create an account and provide information for identity verification, which is standard for crypto platforms (and most financial institutions) under US regulation. Once your account is verified , you can fund it and start trading.
How to Fund a Voyager Account?
You can fund your account with USD or crypto through these methods:
Connect your bank account via Plaid to deposit funds in USD. New accounts have a daily deposit limit of $10.000.
Deposit Basic Attention Token, Bitcoin, Bitcoin Cash, Dash, Ethereum, Ethereum Classic, Litecoin, Tether, USD Coin, True USD, or Voyager Token from another wallet into a deposit address you generate through the app. There's no limit on crypto deposits.
You can automate your investment by setting up a recurring buy in your account. It pulls USD funds from your external bank account and purchases the coin of your choice at an interval you set.
Some assets in your Voyager account are eligible to earn interest up to 10% APY, though the rate varies depending on the currency.
How Did Voyager Grant the European Trading License?
Cryptocurrency platform Voyager Digital has been granted an official licensing approval from French regulatory bodies Autorité des marchés financiers and the Autorité de contrôle prudentiel et de résolution to facilitate a trading platform of 60 digital assets in the French and European Union markets under the subsidiary LGO Europe SAS .
In early August 2021. Voyager penned an agreement with crypto payments firm Coinify at an estimated value of $85 million with the ambition of expanding its financial offering to global cross-border payments.
Mirroring the announcement, the firm has been developing its mobile trading application, a service expected to launch in a select number of European countries in the latter half of the first quarter of 2022.
Bottom Line
Voyager is a US-based and US-regulated, publicly traded company. Up to $250.000 USD held in your Voyager account is FDIC-insured through partner banks. This article is about what is Voyager.
