Uber Founder-Backed Voyager Launches No-Fee Crypto Trading App

The competitive landscape for commission-free cryptocurrency trading in the US is heating up with Voyager, a startup backed by an Uber co-founder, today launching a mobile application version of its Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term.

Dubbed ‘Voyager App,‘ the iOS application offers customers in select states the ability to make no-fee trades on at least 18 Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term, including Bitcoin, Ethereum and others. It also allows instant account opening and funding in US dollar with a $10 minimum.

The licensed crypto asset brokerage has opened the registration to customers in Arizona, California, Illinois Kentucky Pennsylvania, Massachusetts, Missouri, Montana, and Wisconsin. Most importantly, they will be able to purchase cryptocurrencies without incurring commission charges in a similar pattern to what stock trading app Robinhood currently offers.

Voyager’s app will trawl through multiple cryptocurrency exchanges and trading venues to find the best buy and sell price or that is closest to the price that had been offered to the user.

More competition is coming

Cryptocurrencies are normally bought and sold on exchanges where customers trade them for fiat currencies or other cryptocurrencies. Clients pay fees to exchanges, and prices vary significantly between platforms.

Voyager is headed by Stephen Ehrlich, the former CEO and founder of retail brokerage Lightspeed Financial who also previously ran the professional trading arm of online stock broker E*Trade. The startup’s other co-founders include Philip Eytan, an early Uber investor, and Oscar Salazar, the former chief technology officer of the ride-hailing company.

Earlier in September, Voyager has unveiled a new service platform focused squarely on the institutional market, going up against established players like Coinbase’s GDAX and Circle’s CircleTrade.

Commenting on the news, Voyager CEO Stephen Ehrlich said: “Our vision to bring the crypto brokerage experience in line with what investors have come to expect from equity markets is now a reality. We knew there was a better way for investors to access a cost-efficient and transparent platform validated by our overwhelmingly positive feedback and demand from investors who are eager to start using our platform.”