Voyager, the commission-free cryptocurrency trading platform set up by Uber co-founder Oscar Salazar, has launched a new brokerage division, aimed at delivering a ‘best-in-class’ cryptocurrency trading solution.
Known as Voyager Institutional, the brokerage division is designed specifically for institutional investors and large companies looking to trade digital currencies.
Leveraging infrastructure to the institutional community
The announcement was made in Traders Magazine, which says the roll-out of the best-in-class cryptocurrency trading solution is expected to commence late in the last quarter of 2018.
Talking with Traders Magazine, Stephen Ehrlich, CEO of Voyager, said:
“Expanding our offering and leveraging our infrastructure to include the institutional community was always part of our long-term strategic roadmap.”
“Based on the sheer number of conversations since we announced our retail offering, it’s clear that there is a void in the marketplace and an immediate desire by institutions to participate in and offer their clients access to this emerging asset class without the significant resources, costs and time that would be required to develop an in-house solution.”
The brokerage division of Voyager is being led by Glenn Barber, as Chief Institutional Officer. The former managing director of equities and co-head of Deutsche Bank’s international program sales desk is responsible for driving broader awareness of the brand, activating new accounts through the institutional community and cultivating relationships.
Referring to the appointment of Barber as Voyager Institutional Chief Institutional Officer, Ehrlich said:
“Glenn’s capital markets acumen and deep industry relationships are exactly what we need to create optimal solutions for this critical universe of investors. He is an accomplished relationship manager and business-builder who has a proven track record of harnessing technology to improve the client experience and bottom line.”
Improving trading results through technology
Voyager was launched by Uber co-founder Oscar Salazar. The company consults with individual traders, brokers and hedge fund managers with the goal of improving trading results through the application of technology.
In July this year, Voyager announced it was launching a zero-free cryptocurrency trading platform for retail investors. By using a routing engine to help investors acquire the best prices available across numerous exchanges, the trading platform is set to disrupt well-established retail trading platforms, such as CoinBase and Robinhood.
Gabrielle Pickard-Whitehead is a freelance journalist and copywriter based in the Peak District, UK. Since 2006, Gabrielle has followed her passion for writing and has sculptured a rewarding career out of her love for the written word. Gabrielle thrives on creating compelling content related to current affairs, politics, financial news and the latest advancements in technology and innovation. Gabrielle is excited about having the chance to write about the constantly-evolving world of crytocurrency and enabling people to learn more about this rapidly-advancing digital asset.