Voyager, Let’s Take a Trip to the Moon!

Voyager is a publicly traded crypto brokerage, with ticker symbol VYGV, trading at $18.50 at market close today, a $2 Billion valuation, and is headed up by Stephen Ehrlich former VP at E*Trade; their recent financials and position in the market place seems ripe for bearing fruit in the near and long term. 

Voyager, the only crypto brokerage, has had massive spikes in revenue and customers since the end of the year. The firm’s December revenues were $1.7 million, January $8.6, and February $20 million, in the shortest month of the year; not to mention their assets and users. In December they gained 6,000 new investors on their App, which one can buy crypto commission free and earn interest on certain assets held.  For example, they pay 5.5% on any BTC bought through them and held.  Obviously these lucrative terms have found them increasing users, 65,000 in January, and 70,000 in February.  Deposits in December, $28 million to $400 million in February skyrocketing.      

So how do they do this dance, pay me interest on crypto held and commission free, as opposed to Coinbase?  Since Voyager Digital is the only US brokerage and not an exchange, (Coinbase) they have 12 exchanges they can buy from on your behalf, and since Crypto is priced differently from exchange to exchange they pocket the spread, works for me.  Their customer service is rated 4.8 in the Apple store and was in so much demand in you had be put on a waiting list in March, although I was just able to sign up. 

URGENT, tomorrow at 5pm Voyager will update investors on March numbers in a conference call I picked up on Yahoo Finance, https://finance.yahoo.com/news/voyager-digital-schedules-fiscal-2021-120000446.html.  On April 6^th this statement was made, “March was another record-setting month for Voyager as our retail-focused, zero-commission platform continued to attract an active community for both Bitcoin and our industry leading offering of over 50 altcoins,” said Stephen Ehrlich, Co-Founder and CEO of Voyager. “All of our significant revenue-driving metrics increased in excess of 35% during the month of March from the previous month. As demand continues to accelerate for the Voyager Platform, we are enhancing our infrastructure to meet this swiftly growing demand and accommodate anticipated future growth as we expand our suite of offerings in the coming years.”  With $650 million added deposits in March, Voyager has assets under management over $2.4 Billion, and 270,000 funded accounts.   https://finance.yahoo.com/news/voyager-digital-provides-business-march-120000873.html

If we look at a company like Robinhood, even with all its bad press, it’s valued at $40 billion and Coinbase, $100 million; Voyager, $2 billion, can you see the potential?  Besides the commission free and interest, the company offers 58 coins to 45 on Coinbase.  In addition, they should see a bump when New York State is opened up, the last domino.  Also, Canada and Europe are right around the corner.  But wait there is more, Voyager has agreed to buy LGO, a French crypto exchange and merge tokens into VGX on the Eth Blockchain.  If one held so many LGO they could see a bump once converted.  Here are their loyalty programs,

Expected revenues for 2021 are $200 to $300 million.  What happens, when they offer stocks, crypto debit and credit cards, peer 2 peer transactions, insurance, and wallets; on top of commission free, interest paid, plus 58 tokens?  We’ve seen Robinhood and Cashapp acceptance and what their value is, I believe this to be better.  Recapping they jumped from $1.7 million in December revenue to $20 million in February, current AUM $2.4 billion, commission free, and interest rewarded.  Looks like something DISRUPTING!