Saturday, April 13, 2024

Voyager Digital to give customers access to buy traditional stocks with USDC

Customers would be able to make the most of the popular stable coin USDC with Voyager Digital. Acknowledging the stable coin’s growing acceptance, the crypto company is planning to allow customers to buy stocks with USDC. This feature will be a joint venture between Voyager and Market Rebellion. It will handle equity trades.

Steve Ehrlich, CEO and Founder at Voyager, said it’s all about incorporating stock trading of the company’s value proposition and there is going to be demand for it in the near future. Voyager is also planning to offer commission-free equity trades to users. This feature will be available in the second half of the year.

Ehrlich said the company would be careful to comply with all Financial Industry Regulatory Authority guidelines. With the growing adoption of cryptocurrencies, Voyager is looking at launching a crypto-funded debit card. It has partnered with Mastercard Inc and the Metropolitan Commercial Bank.

The company also wants to step into the NFT space and intends to debut in Europe and Canada. With the significant expansion in the pipeline, Voyager will be increasing it recruitment in services and technology and is targeting at least 450 employees by year-end.

Voyager currently offers a range of services, from crypto staking to trading to yield products. It has about $5 billion in assets under management (AUM).

Cryptured Team
Cryptured Team
The writers team at Cryptured.com is composed of passionate and experienced journalists who cover the latest developments in the crypto and blockchain space. They aim to provide accurate, unbiased and easy-to-understand news and information for their readers, as well as insights and analysis from industry experts. The writers team is always on the lookout for new and exciting stories that can help the general public learn more about the potential and challenges of these technologies.
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