The “commission-free” crypto trading app, Voyager Digital, has announced a new milestone growth, this time exceeding $200 million in assets under management (AUM). The press release on December 28, comes roughly a month and a half after Voyager’s previous growth announcement. Back then the company surpassed $100 Million in AUM, as covered by The Chain Bulletin, which is a 100% increase since the beginning of November.
The United States-based crypto-asset broker reports “unprecedented levels of net daily deposits”. This assumption, as stated by the company, is based on more than $50 million in total net daily deposits since the beginning of November.
Co-founder and CEO of Voyager, Steve Ehrlich, was quite satisfied with the progress of the platform, sharing that this increase in daily deposits is proof of the support that Voyager receives from the community. Stating that “Voyager is firing on all cylinders as we enter 2021,” Ehrlich explained that thanks to the trust of its users, the app will be able to deliver new products such as the desktop platform (already in beta stage), debit and credit cards, and margin offerings in a timely manner.
As for the company’s aim for 2021, Ehrlich explained Voyager plans to bring its “regulatory compliant and transparent platform to the masses”, namely via an expansion to Canada and Europe.
December was a busy month for Voyager. At the beginning of the month, the app added support for USDC and Algorand Standard Assets (ASA), which intended to increase the robustness of both the Algorand ecosystem and the Voyager Platform while contributing to the growth of the DeFi space.
Just a couple of days later, Voyager Digital became the first digital asset agency broker in the U.S. to list Avalanche (AVAX), making the token available to non-accredited U.S. investors.