EDITOR: | March 22nd, 2021 | 8 Comments

Cryptocurrency broker Voyager Digital’s stock price is up a mind-boggling 15,300% (154-fold) over the past year

| March 22, 2021 | 8 Comments
image_pdfimage_print

It would be hard to argue that the cryptocurrency brokerage business is not one of the best businesses globally nowadays. For example Coinbase has reached an implied US$68B valuation ahead of its highly anticipated Nasdaq listing, from near zero only a few years ago. Another example is Voyager Digital Ltd. (CSE: VYGR | OTCQB: VYGVF), a company that is one of the up and coming crypto-asset brokers. In a little over a year (roughly in 2020) they increased their assets under management (AUM) from US$5M to US$500M, a 100x increase, and AUM have now risen exponentially to reach US$1.7B, as of the end of February 2021.

Just take a look at their stock price performance the past year, up a mind-boggling 15,300%. Yes you read that correctly, 15,300%, or effectively a 154-fold increase. Over the past year Voyager Digital’s stock price has gone from C$0.20 to C$30.90. Wow! This is what investor’s dreams about!

Had you been lucky or wise enough to invest C$10,000 into Voyager Digital stock a year ago, that investment would today be worth C$1.54M. It shows it is well worth following InvestorIntel regularly and closely as we have a history of discovering up and rising stars, just like Voyager Digital.

Voyager Digital’s stock price is up a mind-boggling 15,300% (154-fold) over the past year

Source: Yahoo Finance

Voyager Digital is a crypto-asset broker that provides retail and institutional investors with a turnkey solution to trade crypto assets. Voyager offers customers the best execution and safe custody on a wide choice of popular crypto-assets.

Co-founder and CEO of Voyager, Stephen Ehrlich, stated back in late 2020:

“Voyager’s offering of over 50 digital assets, including 22 interest-bearing assets, is winning over investors. As we increase our marketing reach, investors are gravitating to Voyager’s commission-free, easy to use platform, evidenced by our daily deposits increasing 25x since December.”

The Voyager Digital crypto broker app is experiencing exponential growth

Source: twitter.com/investvoyager

To get a feel for the exponential growth the table issued by Voyager Digital in their March 1, 2021 update is shown below. If we look at new users to the app they increased by a staggering 250,000 in January 2021, and again by 190,000 in the short month of February 2021. Voyager Digitals’ preliminary revenue has reflected the rapid jump in new users by climbing from US$1.7M in December 2020 to US$20M in February 2021. AUM also grew exponentially to US$1.7B in February 2021. Total verified users on the platform as of the end of February 2021 stands at approximately 605,000.

Voyager Digital crypto broker platform stats shows the exponential 2021 growth

Source

In other news Voyager Digital recently announced that they have successfully completed capital raises of over US$146M. Co-founder and CEO, Stephen Ehrlich stated:

“We are excited to see a rapidly growing group of investors utilizing our platform and look forward to delivering value to all our stakeholders. We intend to deploy capital to accelerate our growth through strategic marketing initiatives, further development of our technology infrastructure, and building staff across all departments to position Voyager as the go to digital financial services firm of the future.”

Closing remarks

Voyager Digital is currently in hyper-growth mode with a blockbuster start to 2021. The platform/app performance numbers and stock price performance are just mind-boggling and have only been getting better in recent months. Of course, Bitcoin (BTC) has been in the limelight and has been rapidly rising, boosted by further acceptance from some big names including Elon Musk at Tesla announcing in February 2021 a US$1.5B investment into Bitcoin.

Risks exist with any new business and investors need to be mindful that the current surge in popularity for cryptocurrencies can reverse if sentiment were to change.

Looking ahead there is still huge upside potential if the company can continue to execute and grow rapidly. Voyager Digital trades on a market cap of C$4B, which is well below the market leader Coinbase (private) which is said to have an implied valuation of US$68B, which works out to be 17x higher. Of course, Coinbase is much bigger for now with 43 million users trading digital assets in more than 100 countries.

Stay tuned to InvestorIntel for more updates on this hyper-growth and super exciting company.


Editor:

Matthew Bohlsen is a Senior Editor for InvestorIntel.com. With a Graduate Diploma in Applied Finance and Investment, and a Graduate Diploma in Financial Planning. He ... <Read more about Matthew Bohlsen>


Copyright © 2021 InvestorIntel Corp. All rights reserved. More & Disclaimer »


Comments

  • CrayS

    Just getting started … wait for March numbers. Then valuation boost via Coinbase IPO. Then expansions into NY, Canada, Europe. Followed by TSX and Nasdaq uplistings. (Believe it or not, Voyager is still listed on the OTC.) Top downloaded app for months, signing up 100 a minute, creating waitlist just get onboarded. Currently #18 on the App Store (Finance). Just getting started …

    March 22, 2021 - 12:43 PM

  • Roger Tourangeau

    im alsoooking for a broker in Québec, Canada

    March 23, 2021 - 9:42 AM

  • Roger Tourangeau

    Investing in blockchain any thoughts o this subject

    March 23, 2021 - 9:44 AM

  • Dave Deveau

    Since your goal is to become a digital financial services firm , what is the least point $$ wise to buy in ? Do you have a referral program ? Do you have financial business development consultant opportunities to market your products and services to b2b and b2c clients/prospects ? To your continued success.

    March 23, 2021 - 10:14 PM

  • CS

    #7 on App Store download. #1 most downloaded crypto broker app. Surpassed Coinbase (#13) which has projected IPO stock price of $370. Voyager is currently trading at $21.

    March 25, 2021 - 2:50 PM

  • elijah timpson

    I want to make it known that CRYPTOCURRENCY trading is not Ponzi or gambling of figures.it is a legit way of becoming rich in a little space of time when you work directly with a trusted broker or company.I recall that my first ever investment was under the watch of CryptoExperts .
    The profits actualized has since led to the elongated of BTC and other cryptocurrencies which have since generated more than half a million dollars to my organizations.As much as i love to be careful on what I put out here regarding trust ,I was able to refer neighbor’s with positive feedback after they contacted them for Btc trade ,buy and sell of other crypto currencies with retrieval of stolen Btc and an investment plan.If you love to reach out to a crypto experts assist, contact them via their official email cryptobinaryexpert@hotmail.com ,make sure you publish your experience while working with them and after work.

    April 5, 2021 - 3:16 AM

  • Michael Doyle

    Be Aware of this two scam investment website: crypt-profits and yengtoroinvest I Invested 5000$ and reinvested it for 3 days and the money got to 12,213$. I told them that i wanted to withdraw. They told me i have to Pay 20% of my money before I can withdraw, which was 2,442$. I paid it and the following they , i wanted to withdraw and they told me i have to pay additional 5000$ . I told them i will not pay any money again, and that was how it ended. I taught they had gone with my money until I came across Digital Currency whom many had reviewed how he helped them recovered there stolen bitcoin and funds, I contact his email on (digitalcurrency14 @gmailCom) gave him a try and the outcome was epic! He helped me recovered all my stolen bitcoins within 72 hours, Helped me makes profit with the aid of his Mining skills, and since then I’ve been benefiting from Digital Currency, just last month I got myself a pent house! Thank you Digital you’re the best I ever come across

    May 10, 2021 - 6:09 AM

  • Anderson Thomas

    I certainly won’t be a millionaire at the end of this bull run, however I had 25K invested 6 months ago in bitcoin, I’m sitting at 525K now with 50% in eth, 75% in Btc and 25% in other alts… I’m very happy and thankful to Digital Currency whom I contact on digitalcurrency14 @gmailcom after a lot had recommended on many crypto platform who made this possible, maybe next time I’ll have enough to become a millionaire

    August 3, 2021 - 10:20 PM

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.