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Voyager Digital Revenue Rises Over 1,000% on Increased Crypto Adoption

by CBDC Insider
October 29, 2020
in US
Reading Time: 1min read
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Voyager Digital Revenue Rises Over 1,000% on Increased Crypto Adoption
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Publicly traded digital-asset brokerage Voyager Digital (VYGR/VYGVF) registered four-digit revenue growth in the fiscal year ended June 30, 2020.

In an announcement Thursday, the Canada-based firm said revenue rose to roughly $1.1 million, marking a 1,159% rise from the previous fiscal year’s tally of $87,318.

Other figures for the same period are also impressive: customer assets jumped by 1,959% to $35 million, while the total of brokerage accounts were up 750% at 86,000.

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In its bid to boost growth, the firm formed new partnerships with leading trading platforms including Market Rebellion, LLC, Sterling Trading Tech and RoundlyX, and acquired Ethos Universal Wallet and Circle Invest’s trading app.

Read more: https://www.nasdaq.com/articles/voyager-digital-revenue-rises-over-1000-on-increased-crypto-adoption-2020-10-29

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