Uber Backed Crypto Exchange to offer Commission Free Trading Service
Voyager, a new licensed cryptocurrency exchange will go live at the end of this year and will offer commission free trading service of fifteen cryptocurrencies. This startup exchange is backed by the founders of Uber and are planning to enter the United States market with a ‘big impact’. The main selling point of Voyager is that because of the lack of a commission, users are likely to be drawn to it because of its cost effectiveness.
Right now, Voyager is available for pre-registration in many states in the US such as California, Missouri and New Hampshire. Before fully launching all over the United States, part of Voyager will launch in a few states. If things go as expected, the company will also launch globally.
Stephen Ehrlich, the CEO of Voyager commented on the platform. He said,
Our multi-exchange platform will help aggregate and unify a largely fragmented ecosystem, offering retail investors fast execution and better pricing. Additionally, we have developed and adopted best-in-class security practices in line with banking, brokerage and healthcare standards offering investors a safe and secure environment to invest in this new asset class.
Voyager that has big silicon valley minds behind it such as Uber Co-Founder Oscar Salazar and former E*TRADE CEO Stephen Ehrlich, is branded as a “mobile application that will provide retail investors an institutional-grade platform delivering best execution via smart order routing technology for trading a wide choice of popular crypto assets commission-free.”
UBER CTO and Voyager Co-Founder Oscar Salazar said,
Our goal is to become a trusted agent and guide users through the new world of cryptos. So we created an open architecture platform that is fully scalable to deliver a simple and intuitive user interface.
Some key features apart from the lack of commission fee includes, instant account opening and funding with fiat and crypto without any minimums, 24/7 customer service through instant chat and phone, news and social media feeds,etc.
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