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Voyager Digital Ltd. (TSX: VOYG, OTCQX: VYGVF) announces the launch of its Live Messaging Support for customers via its mobile app, available Monday to Friday, 8am to 8pm ET. This initiative is part of the company's "Crypto for All" program, enabling real-time text communication with trained support staff. The expansion follows a significant growth in customer base and aims to enhance user experience. Furthermore, Voyager is increasing multimedia communications through video content featuring industry leaders. This strategy underscores Voyager's commitment to customer-centric service in the rapidly evolving cryptocurrency market.
Voyager Digital (OTCQX: VYGVF) has launched its "Crypto for All" campaign, promoting accessibility in cryptocurrency. As of March 31, 2022, the company has executed over 36 million consumer crypto transactions and amassed over $5.5 billion in net new retail deposits. Notably, 73% of these deposits occurred in the last year. CEO Steve Ehrlich expressed optimism about ongoing growth, despite regulatory challenges. Upcoming participation in investor conferences includes SALT Crypto Bahamas on April 28, 2022, and Bloomberg's event on May 11, 2022.
Voyager Digital Ltd. (OTCQX: VYGVF) reported preliminary revenue for Q3 2022 at approximately USD$100 million to $105 million, a 70% increase year-over-year. Despite a decline from USD$164.8 million in Q2 2022, the company added 115,000 new funded accounts, resulting in nearly 1.2 million total funded accounts and around 3.5 million verified users as of March 31, 2022. However, net new deposits fell to USD$395 million, down significantly from $1.04 billion in the prior quarter. Voyager is also expanding its product offerings and expects continued growth.
On April 5, 2022, Voyager Digital Ltd. provided an update regarding state orders related to its Voyager Earn Program. The company received orders claiming it was offering unregistered securities. Importantly, only this product was affected, with no immediate restrictions imposed by most states. CEO Stephen Ehrlich emphasized the need for evolved regulations in the crypto sector and stated that ongoing dialogues with regulators aim to clarify the orders. Voyager continues to innovate in the cryptocurrency market while addressing regulatory challenges.
Voyager Digital Ltd. (OTCQX: VYGVF) has announced its participation in several investor events scheduled for April 2022. Key events include BTC 2022 in Miami from April 5th to 9th, NobleCon18 on April 20th-21st, ICR Virtual Crypto Panel on April 26th, and Crypto Bahamas from April 26th to 29th. Voyager aims to enhance its visibility and engagement with investors and stakeholders in the cryptocurrency space. More information on these events can be found on their investor relations website.
On March 29, 2022, Voyager Digital received cease and desist orders from state securities divisions in Indiana, Kentucky, New Jersey, and Oklahoma regarding its Voyager Earn Accounts, which allow customers to earn rewards on crypto balances. These orders assert that Voyager was selling unregistered securities. The company is in discussions with regulators to seek clarification and intends to defend its position that the Earn Accounts are not securities. Some orders may allow existing customers to earn rewards temporarily, while civil penalties could be pursued upon resolution.
Voyager Digital Ltd. (TSX: VOYG, OTCQX: VYGVF) announced its participation in several investor events throughout March 2022, including the KBW Fintech Payments Conference on March 3rd and the Bank of America Virtual Crypto Mining Conference on March 28th. The company aims to enhance visibility in the fast-growing cryptocurrency market, providing a platform to trade over 85 cryptocurrencies and earn rewards. For further details on their investor relations, visit their official website.
Voyager Digital Ltd. reported a record revenue of $164.8 million for Q2 Fiscal 2022, marking over 4400% growth from $3.5 million a year prior. The company also noted an increase in total verified users to 3.2 million, up 49% from the previous quarter, and total assets on the platform grew to $5.9 billion. Adjusted EBITDA reached $17.4 million, compared to $2.8 million last year. CEO Steve Ehrlich emphasized the importance of expanding product offerings, including the upcoming Voyager Debit Card and NFT platform, as the company continues to enhance its services.
Voyager Digital Ltd. (OTCQX: VYGVF) announced a conference call on February 15, 2022, at 8:00 a.m. ET to discuss its financial results for the fiscal second quarter 2022, ending December 31, 2021. The company, a rapidly growing cryptocurrency platform in the U.S., enables trading over 75 cryptocurrencies and offers rewards up to 12% annually on selected assets. The call will be accessible via a live webcast, and a replay will be available on the company's investor relations website.
On February 2, 2022, Voyager Digital Ltd. (VYGVF) announced a strategic investment in CoinLedger, a cryptocurrency tax reporting platform. This partnership aims to provide free tax tools for Voyager customers for the 2021 tax year, simplifying the tax reporting process for digital asset transactions. CoinLedger integrates with various exchanges and wallets to assist users in tracking their transaction history, thus facilitating easier tax filing. The investment reinforces both companies' commitment to enhancing user experience in the crypto space.
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