Voyager Digital Ltd. (CSE: VYGR) reported today in its April 2021 update that it added over 130,000 new funded accounts to its platform for the month. The company also indicated that the value for its assets under management now exceeds US$3.3 billion.
The company said that this volume of new user onboarding is “at a record rate” which it attributes to the increased trading volume in the alternative coins. According to its CEO Steve Ehrlich, Voyager Digital “plans on adding additional coins over the next 60 days as the increased alternative coin volume has driven an increase of over 45% in average basis points earned per trade.”
In its March 2021 update, the company reported its assets under management exceeded US$2.4 billion, net deposits at $650.0 million, 95,000 new funded accounts, and 395,000 new verified users. While full figures were not provided for the April update, it indicates that assets under management increased by roughly 37.5% over the course of the month.
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At the end of March 2021, Voyager Digital said that there are 1 million total verified users on the platform. The company targets to accommodate 10 million users in 2021.
Voyager Digital Ltd. last traded at $27.67 on the CSE.
Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
