Uber Architect Launching Crypto Trading App for Bitcoin, Ethereum, Litecoin – Considering Ripple and Stellar
Voyager, a new crypto asset brokerage, is launching a commission-free, no-minimum, mobile trading app. It will offer a choice of popular cryptocurrencies, including Bitcoin, Ethereum and Litecoin, for trading on multiple exchanges.
The startup plans to compete directly with Robinhood Crypto, which currently offers commission-free trading for Bitcoin, Ethereum, Bitcoin Cash, Litecoin and Dogecoin through its popular trading app.
Voyager’s new app is the company’s first product.
“Our goal is to become a trusted agent and guide users through the new world of cryptos. So we created an open architecture platform that is fully scalable to deliver a simple and intuitive user interface,” said Oscar Salazar, a founding investor at Voyager, and the founding architect and former chief technology officer at Uber.
The app aims to give retail investors an institutional-grade platform that delivers optimal execution through smart order routing technology. Users can research their favorite coins and manage trades across multiple exchanges, tapping into the best liquidity pools with no commissions. Users will also have access to a list of settings where they can enable alerts and social media feeds, monitor positions and also have access to analytics and news.
The licensed broker/dealer, which will initially operate in a limited number of states to trade at least 15 of the top cryptocurrencies, is still refining its exact list of offerings. Fortune reports that Voyager is “leaning towards” listing XRP and Stellar Lumens “but first must ensure that they can be stored securely.”
Join us on Telegram
With high-speed fiat-to-crypto and crypto-to-crypto trading pairs at better pricing with no commissions, Voyager plans to support cryptocurrencies as an emerging asset class in their 24/7 trading environment. The app will allow users to phone and chat with customer service.
“Our multi-exchange platform will help aggregate and unify a largely fragmented ecosystem, offering retail investors fast execution and better pricing,” said Co-founder and CEO Stephen Ehrlich, a brokerage veteran and former CEO of E*Trade Professional Trading.
Voyager’s entry in the mobile app space for crypto trading will match Robinhood’s efforts to drive adoption by making access to cryptocurrencies mobile and secure, minus the hefty commission fees associated with legacy players in the stock market.
Voyager is in beta with plans to launch at the end of the year to residents in California, Massachusetts, Missouri, New Hampshire and Montana. The company says it plans to roll out the app to over 40 states, pending regulatory approval.
You can sign up for early access here.
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin or cryptocurrency. Your transfers and trades are at your own risk. Any losses you may incur are your responsibility. Please note that The Daily Hodl participates in affiliate marketing.
Check Out the Latest Headlines
Leave A Comment
You must be logged in to post a comment.