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Voyager Digital Provides End of Year Business Update

NEW YORK–(BUSINESS WIRE)–Voyager Digital (Canada) Ltd. (“Voyager” or the “Company”) (CSE:VYGR) (OTCQB:VYGVF) (FRA:UCD2), a licensed crypto-asset broker that provides investors with a turnkey solution to trade crypto-assets, is pleased to provide shareholders with a business and operational update as of November 30, 2019.

We continue to experience tremendous account growth driven by the Voyager App’s availability now for Android, which represents 70% of the mobile market,” said Stephen Ehrlich, CEO and Co-Founder of Voyager Digital. “Our assets under management have also risen due to the Voyager Interest Program, a unique offering allowing Bitcoin holders to earn 3% interest on their assets. Additionally, our six API distribution partnerships announced since July continue to source new customer accounts, further increasing liquidity. As our customer accounts grow, we expect to see transaction sizes increase even further as the platform becomes populated by users who are both more engaged, and trading in higher quantities.”

Operational Milestones

  • Grew number of customer funded accounts by 44% from September 30, 2019 to November 30, 2019
  • Increased number of Know Your Customer (“KYC”) compliant accounts by 47% during the same time period
  • Average transaction amount increased 100% to $600 as of November 30, 2019, up from approximately $300 as of September 30, 2019
  • Grew customer assets by approximately 50% from September 30, 2019 to November 30, 2019

Business Updates

  • Completed six Voyager API distribution partnerships as of November 30, 2019, including:

    • Avant-Garde Trading Securities
    • RoundlyX (Coin Savage, LLC)
    • Market Rebellion, LLC
    • Sterling Trading Tech
    • Tiger Trading
    • Stocktracker
  • Released the Company’s flagship crypto broker and trading app, The Voyager App, for download on Android devices, expanding the potential user base
  • Launched the Voyager Interest Program, offering 3% interest on Bitcoin held on the Voyager platform
  • Completed the acquisition of certain assets of Ethos.io PTE LTD (“Ethos”)
  • Listed on the OTCQB® Market exchange in the United States and began trading on the Canadian Securities Exchange (CSE)

Upcoming Milestones

Voyager expects to execute on the following key initiatives during calendar year 2020, including:

  • International expansion to facilitate trading in multiple foreign countries
  • Obtain BitLicense from the New York State Department of Financial Services (NYSDFS), a business license for virtual currency activities
  • Integrate self-custody solutions via the Ethos Universal Wallet into The Voyager App
  • Continued expansion of API distribution partnerships

Mr. Ehrlich added, “During calendar year 2020, we expect to provide Voyager customers even greater opportunities to earn a return on their assets, including introducing an interest-bearing program for Ethereum and Litecoin, similar to our current offering for Bitcoin. Going forward, we continue to increase the Voyager platform’s capabilities, allowing users to manage their crypto-currency assets in ways never before possible for both retail and institutional customers.”

About Voyager Digital (Canada) Ltd.

Voyager Digital (Canada) Ltd. is a crypto-asset broker that provides retail and institutional investors with a turnkey solution to trade crypto-assets. Voyager offers customers best execution and safe custody on a wide choice of popular crypto-assets. Voyager was founded by established Wall Street and Silicon Valley entrepreneurs who teamed to bring a better, more transparent and cost-efficient alternative for trading crypto-assets to the marketplace. Please visit us at https://www.investvoyager.com for more information and to review the latest Corporate Presentation.

Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release. No securities regulatory authority has either approved or disapproved of the contents of this press release.

Cautionary Statement Regarding Forward-Looking Information: The forward-looking statements contained herein are made as of the date of this release and, other than as required by applicable securities laws, the Company does not assume any obligation to update or revise it to reflect new events or circumstances. The forward-looking statements contained in this release are expressly qualified by this cautionary statement.

Contacts

Voyager Digital (Canada) Ltd.

Media:
Anthony Feldman / Tim Gray

(347) 487-6194 / (212) 896-1251

[email protected] / [email protected]

Investor Relations:
Phil Carlson / Scott Eckstein

(212) 896-1233 / (212) 896-1210

[email protected] / [email protected]

Business Wire , 2019-12-04 15:52:15 ,

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NewsBlock © 2019 - 2020 All rights reserved.

NewsBlock © 2019 - 2020. All rights reserved.


While Bitcoin’s price seemingly moves without rhyme or reason — collapsing by dozens of percent and embarking on face-melting rallies on a whim — the cryptocurrency market is filled to the brim with fractals.

Related Reading: Analyst: Bitcoin Price Likely to Fall to Low-$8,000s as Chart Remains Weak

A brief aside: A fractal, in the context of technical analysis and financial markets anyway, is when an asset’s price action is seen during a different time. This form of analysis isn’t that popular, but it has proven to be somewhat valuable in analyzing Bitcoin.

One recent fractal popularized by a well-known cryptocurrency trader is implying that BTC is going to return to the low-$7,000s in the coming days.

Bitcoin Fractal Implies Retracement to Low-$7,000s

A well-known crypto trader going by “Tyler Durden” on Twitter recently posted the chart below, which shows that a Bitcoin price fractal may be playing out. The fractal has four phases: horizontal consolidation marked by one fakeout, a surge above the consolidation phase, a distribution, then a strong drop to fresh lows.

If the fractal plays out in full, BTC could reach the low-$7,000s again, potentially as low as $7,100. This would represent a 20-odd percent collapse from the current price point of $8,800.

It isn’t only a fractal that is hinting Bitcoin has the potential to visit its lows. As we reported on Saturday, Bloomberg believes that if the GTI Vera Convergence Divergence Indicator flips red, a downtrend could push the cryptocurrency back to $7,300.

Related Reading: Stephen Colbert Pokes Fun at Bitcoin in Monologue: Mainstream Gone Wrong?

Can Bulls Step In?

But again, many believe it is irrational to have such bearish interpretations of the cryptocurrency’s chart at the moment. As reported by NewsBTC earlier, Popular crypto trader Mayne recently noted that the “people waiting for $6,000” are irrational. He quipped that Bitcoin retracing and consolidating after its fourth-biggest bull move in history ($7,300 to $10,500, a 42% gain) is perfectly par for the course, but noted that it’s totally possible we can go lower from $8,800.

The medium-term technicals support this.

Trader and CoinTelegraph contributor FilbFilb found that by the end of November or start of December, the 50-week and 100-week moving averages will see a “golden cross,” which he claims is far more significant” for the Bitcoin market that other technical crosses.

Also, a Bitcoin price model created using Facebook Prophet machine learning found that the leading cryptocurrency is likely to end the year at just over $12,000. What’s notable about this model is that it called the price drop to $8,000 months in advance, and forecasted a ~$7,500 price bottom for BTC.

To put a cherry on the cryptocurrency cake, Crypto Thies observed that when Bitcoin bottomed at $7,300, it bounced decisively off the 0.618 Fibonacci Retracement of the move from $3,000 to $14,000, which correlates with the two-week volume-weighted moving average. He added that summer 2019’s consolidation was marked by Bitcoin flipping major resistances into support levels, implying that a bullish reversal and subsequent continuation is likely possible in the coming weeks.

Featured Image from Shutterstock


Nick Chong , 2019-11-10 12:00:38

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