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Voyager Digital (OTCQX: VYGVF) is partnering with CoinLedger to enhance cryptocurrency tax reporting for users. This collaboration aims to simplify tracking capital gains, losses, and income tax reporting. CoinLedger integrates directly with major exchanges and wallets, allowing Voyager users to manage their crypto transactions for the upcoming 2021 tax year. The initiative reflects Voyager's commitment to improving user experience and value within its ecosystem. CEO Steve Ehrlich highlights the significance of this development amidst the evolving landscape of cryptocurrency taxation.
Voyager Digital Ltd. has appointed Marshall Jensen as its new Head of Corporate Development, effective December 1, 2021. Jensen brings substantial experience in technology investment banking and the crypto industry, having previously served in key roles at various firms. This leadership change aims to accelerate Voyager's growth as it continues to expand its product offerings and geographical presence. The company has already integrated four acquisitions and is focused on adding more to its platform.
Voyager Digital Ltd. (TSX: VOYG; OTCQX: VYGVF) announced its participation in several upcoming investor events in December 2021. Notable conferences include D.A. Davidson Virtual FinTech Conference and B Riley Securities' Crypto Conference. Voyager offers a cryptocurrency trading platform, allowing users to trade over 60 crypto assets and earn rewards up to 12% annually on select currencies. Founded in 2018, it aims to enhance choice and transparency in the crypto marketplace.
Voyager Digital Ltd. has invested in Particle's $15 million seed funding to enhance its entry into the NFT market. Particle's platform democratizes fine art ownership by allowing users to buy fractionalized ownership via 10,000 unique NFTs, each representing a share of a masterpiece. The investment aligns with Voyager's strategy to offer innovative products to its 2.7 million users. The collaboration enables VLP members early access to Particle's debut NFT collection, promoting greater engagement and opportunities within the cryptocurrency and art markets.
Voyager Digital Ltd. announced the listing of its Voyager token (VGX) on Coinbase Pro, significantly enhancing its market access and visibility. This strategic move is expected to engage a broader audience globally and affirm the strength of Voyager's platform. CEO Steve Ehrlich highlighted that this recognition aligns with Voyager's vision of growth, leveraging Coinbase Global's substantial assets of $255 billion. VGX features decentralized finance capabilities, including community governance and a current staking reward of 7%. Trading on Coinbase Pro is set to initiate pending liquidity conditions.
Voyager Digital has launched the Voyager Debit Mastercard, the first crypto-based debit card offering up to 9% annual rewards to users, with additional benefits for Voyager Loyalty Program members. The card allows instant crypto spending by converting USD Coin (USDC) to fiat currency. No annual fees apply, and rewards are based on USDC holdings of $100 or more, paid monthly. The company boasts over 2.7 million registered users and 1 million funded accounts, highlighting its rapid growth and strong market position.
Voyager Digital Ltd. (TSX: VOYG; OTCQX: VYGVF) reported a strong Q1 for Fiscal 2022, ending September 30, 2021. Total revenue reached $81.5 million, surpassing last year's $2 million. Operating losses were $28.3 million, attributed to long-term strategic investments in user growth and loyalty programs. The company saw a 23% increase in verified users, totaling over 2.15 million. Assets Under Management skyrocketed to $4.3 billion, with expectations to exceed $360 million in calendar year revenue.
On November 10, 2021, Voyager Digital Ltd. (OTCQX: VYGVF) announced achieving over one million funded accounts, a significant increase from 43,000 on December 31, 2020. This marks a 23-fold growth and 135,000 more funded accounts since September 30, 2021. The company also reported surpassing 2.7 million verified users, highlighting the effectiveness of its marketing strategies, including partnerships with athletes and organizations like the Dallas Mavericks. CEO Steve Ehrlich emphasized the importance of community and loyalty programs for continued growth in the competitive crypto market.
Voyager Digital Ltd. (TSX: VOYG, OTCQX: VYGVF) has announced a conference call scheduled for November 16 at 8:00 a.m. ET to discuss its financial results for the fiscal first quarter of 2022, which ended on September 30, 2021. The company, a rapidly growing cryptocurrency platform in the U.S., aims to enhance choice and cost efficiency in the crypto marketplace, allowing users to trade over 60 cryptocurrencies and earn rewards up to 12 percent annually. A webcast will be available for those who register.
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