The CEO of Voyager which is one of the apps designed to let people easily trade cryptocurrency is in today’s crypto news for his statement in which he says that Voyager is the best way to trade cryptocurrencies – and an app which comes at the right them during Bitcoin and crypto regulation as a last step before mass adoption.
Steve Ehrlich, who is the head of Voyager but also a financial industry veteran, is running a company which is connected to more than a dozen cryptocurrency exchanges around the world and using advanced metrics to find the user the best trade without charging a commission.
That way, if a price improvement is delivered on a trade, Voyager captures a small spread which is determined algorithmically. Unlike other models, Voyager does not make money by virtue of people trading – it actually incentivizes its users to find good trades.
As a person who has been in capital markets since 1994, Ehrlich sold his first company to E-Trade in 1999, which is when he became involved in electronic trading. As he said, he got in the crypto trend in 2017, stating:
“I started analyzing the market and the market structure of crypto trading. We sat around a table and looked at the crypto market, and I said, ‘This market looks very much to me like the equities market in the 1990s, when there were multiple ECN’s and ATS’s and there were cross-markets.”
When asked about Voyager’s mission, Ehrlich said:
“I really think we could bring a value proposition to consumers by offering connection to multiple exchanges and being able to deliver a best-execution capability to retail customers. And that’s how I got in.”
Voyager has been featured in many ways for its simplicity and easy trading. Even though the app is currently in private beta, it has more than 100,000 people on the waiting list and is featured in many media outlets.
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