Voyager Digital, a business that provides retail and institutional investors with cryptocurrency trading solutions, has officially been listed on the Toronto Venture Exchange (TSX.V) under the symbol VYGR.V.
Voyager is now trading on the TSX Venture Exchange. For us, going public just made sense to bring transparency to our business and promote it across this emerging and thriving sector. Learn more about why we chose to go public and join us in our journey. https://t.co/FoTnrHhsaY pic.twitter.com/DwAuTLlG6G
— Voyager (@investvoyager) February 11, 2019
“While reverse takeovers are an increasingly popular business strategy for many emerging companies, the idea of a young company going public may at first glance seem out of the norm,” said Ehrlich. “For us, the choice made perfect sense. It offered Voyager the chance to bring transparency to our business, maturity to the crypto market and to provide the world with an opportunity to invest in a public crypto trading company through the traditional market.”
The listing is designed to drive transparency in the crypto market while promoting adoption by allowing traditional investors to tap into digital assets through the public equity market.
“By becoming a publicly traded entity, Voyager allows the traditional investing community to tap the public markets for exposure to this important asset class and financial utility that is built upon the technology of the future,” Ehrlich added.
Voyager isn’t the first crypto firm to list on the TSX Venture Exchange to increase exposure. Mike Novogratz’s cryptocurrency focused merchant bank, Galaxy Digital (GLXY), listed last August. Since that time, the share price has fallen roughly 29% as the company continues to struggle with operating losses.
Moving forward, Voyager plans to leverage the new shares and capital to further expand its offerings and grow the company. According to Ehrlich, Voyager is “now actively looking for parts of the crypto ecosystem that fit with our mission and our culture.”
Photo: Joseph Morris / Flickr
Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.