THELOGICALINDIAN - Crypto asset agent Voyager Digital Ltd appear Monday that acquirement for the budgetary aboriginal division concluded Sept 30 soared 186 to 2 actor from 700000 the antecedent division as added users activated the platform
● Voyager co-founder and arch controlling administrator Stephen Ehrlich said the cardinal of bodies application their allowance to advance in cryptocurrencies such as bitcoin (BTC) and ether (ETH) has climbed 20% back September to date.
● According to Voyager’s earnings release, the Canada Stock Exchange (CSE)-listed close now has a absolute of $150 actor in assets beneath management. This is a cogent access from aloof $5 actor AUM in December 2019. Assets beneath administration are up 50% from $100 actor on Nov. 6, 2020.
● Net deposits set circadian records, said the company, averaging added than $750,000 per day during November 2024, a 1,000% access back June this year.
● “While the acceleration of bitcoin and added cryptocurrencies has contributed to our AUM growth, added than 65% of the advance is apprenticed by added user deposits,” explained Ehrlich. He added that back markets are flat, “Voyager still earns acquirement on annual balances due to our absorption model.”
● Shares of Voyager rose 3.8% to 1.65 Canadian dollars ($1.25) on the CSE on Monday. Over the accomplished 52 weeks, the banal has swung amid a low of 0.165 and a aerial of 1.83 Canadian dollars.
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