Voyager Digital Granted Approval to List on Toronto Stock Exchange
- The listing is part of Voyager’s effort to enter a larger investor market.
- The company will trade under the ticker VOYG and potentially be eligible for inclusion in certain indices.
Canada-June 26, 2018: Toronto Stock Exchange entrance in Torontoeskystudio/Shutterstock
Voyager Digital has received conditional approval from the Toronto Stock Exchange (TSX) to list its common shares under the ticker VOYG. According to a press release published on 23 August, the U.S.-based crypto platform will voluntarily delist its common shares from the Canadian Securities Exchange (CSE).
The final approval of the listing will come once Voyager meets certain customary conditions required by TSX. The company said it will announce when trading is expected to begin on the TSX, but provided no further details about the possible start date.
Steve Ehrlich, the CEO and Co-Founder of Voyager, said that the conditional approval Voyager received from TSX was a great accomplishment for the company. Voyager’s goal has always been to become a publicly-traded company, which it managed to achieve by listing on the CSE, but the time has come for the company to expand to larger markets, he explained in the press release.
“The company is now at a stage where investors could benefit from an up-listing to a more senior exchange. With Voyager’s crypto trading platform generating revenue and cash flow at an accelerating pace, we feel it’s time to up-list so that we can increase our exposure to a larger investor universe.”
A TSX listing is one of the requirements for inclusion in certain indices, including the S&P/TSX Composite Index and other related exchange-traded products (ETFs). However, Voyager said that “there can be no certainty” it would quality or be eligible to be included in such indices and ETFs.
- Bybit is the latest exchange following Binance and OKX to announce its departure from the Canadian market due to “recent regulatory development”.
- Canadian nationals will no longer be able to open new accounts starting Wednesday, while existing users have until 30 September to withdraw their assets from the platform.
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- Canadian customers who have no funds in their Paxos accounts will have their accounts automatically closed on 9 May, while the rest will be disabled on 2 June.
- Paxos is not the only company to be leaving Canada, with cryptocurrency exchanges dYdX and OKX saying they will wind down their businesses in the country due to “new regulations”.
- Crypto exchange OKX noted that its decision to cease operations in Canada and exit the country was due to “new regulations”.
- New users will be unable to open accounts starting 24 March, while all other users have until 22 June to close trading positions and withdraw their crypto and fiat assets.