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Felicia Tan
in
Crypto
July 15 22:00

Voyager, a broker offering bitcoin trading without commission, reported record profits

The Canadian Exchange-listed cryptobroker Voyager Digital reported a preliminary profit of US$1.1 million for the current fiscal year. Compared to the previous period, the company's income increased almost 13 times.
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Voyager Digital is registered in the Financial Crime Network (FinCEN) and offers digital assets trading without fees. In the last quarter of 2019 the company's revenue increased by 701% compared to the same period of 2018.
The broker also noted a 750% increase in the number of users compared to the last fiscal year. During the same period, trading turnover increased from US$20 million to US$165 million.
The company's shares on the Canadian Stock Exchange grew by 20% after the report was published. At the moment, the daily growth is 12.6%.
Voyager was founded in 2017 by veterans of Uber and E*Trade. At the beginning of last year, the company bought the Ethos.io cryptocurrency wallet for US$4 mln. In April this year, a broker bought the Circle Invest application.