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Voyager Digital Ltd. has integrated its VGX token into Coinify's cryptocurrency payment platform, expanding its functionality for crypto payments across over 150 countries. The acquisition of Coinify enhances Voyager's global crypto payment capabilities, enabling businesses to accept VGX alongside major cryptocurrencies like Bitcoin and Ethereum. Coinify's system connects with over 30,000 merchants, allowing seamless transactions. Voyager's Loyalty Program rewards customers for crypto activities, contributing to a growing user base. This integration marks a significant step in Voyager's international expansion strategy.
Voyager Digital Ltd. (VYGVF) is set to integrate Avalanche's AVAX token transfers and staking into its platform, enhancing user capabilities. This collaboration will allow Voyager customers to stake AVAX and access decentralized finance (DeFi) and non-fungible tokens (NFTs) through Avalanche's robust blockchain technology. The CEO highlighted that this initiative aims to provide more wealth-building tools for users, leveraging the high transaction speed of Avalanche.
Voyager Digital Ltd. (OTCQX: VYGVF) announced its participation in key investor events in November 2021, including the Craig-Hallum Alpha Select Conference on November 16 and Oppenheimer's 4th Blockchain & Digital Assets Summit on November 18. The company aims to enhance its visibility within the cryptocurrency market. Voyager Digital is a publicly traded platform in the U.S. that offers trading for over 60 cryptocurrencies and rewards on select assets. For more details, visit www.investvoyager.com.
Voyager Digital has announced a notice to conduct a normal course issuer bid (NCIB) on the Toronto Stock Exchange, pending approval. The NCIB will allow Voyager to buy back up to 8,114,699 common shares, about 5% of its outstanding shares, over a 12-month period starting November 2, 2021. This initiative aims to enhance shareholder value as the company believes its shares are undervalued. Voyager had previously executed an NCIB on the Canadian Securities Exchange, acquiring 247,500 shares before delisting from the CSE.
Voyager Digital Ltd. reported a significant financial turnaround for the fiscal year ending June 30, 2021, achieving $175 million in revenue, up from $1 million in FY20. Operating income surged to $56 million, compared to a loss of $11 million the previous year. The platform now boasts 1.75 million verified users and 665,000 funded accounts, with total assets under management rising to $2.6 billion. The firm is expanding its marketing and rewards programs while looking to enhance revenue streams internationally. The company also announced a $75 million private placement with Alameda Research.
Voyager Digital Ltd. (VYGVF) reported significant growth in its fiscal year 2021 financials. Total revenue surged to $175 million from $1 million in FY20, with operating income of $56 million, compared to an operating loss of $11 million previously. The company saw its verified users rise to 1.75 million from 86,000, and funded accounts grew to 665,000 from 23,000. Assets under management also jumped to $2.6 billion from $35 million. Voyager is enhancing growth strategies, including aggressive marketing and rewards programs, and plans to announce Q1 results around November 15.
Voyager Digital Ltd. has announced a strategic partnership with Alameda Research, securing a $75 million investment to enhance execution and asset management in the rapidly evolving cryptocurrency market. This collaboration will leverage Alameda's extensive trading capabilities, which encompass over $5 billion in daily transactions across major coins and altcoins. Voyager aims to explore synergistic opportunities, including NFTs and crypto derivatives. The partnership positions Voyager for future growth amidst increasing competition in the retail crypto sector.
Voyager Digital has entered an exclusive five-year partnership with the Dallas Mavericks, becoming their first cryptocurrency brokerage partner. The alliance focuses on making cryptocurrency more accessible through educational programs and global activations. Voyager will also gain naming rights to the Mavs Gaming Hub. This partnership allows both entities to expand their audiences and promote cryptocurrency adoption. Mark Cuban, owner of the Mavericks, supports the initiative, emphasizing its potential to enhance financial literacy and wealth-building through crypto.
Voyager Digital Ltd. (TSX: VOYG, OTCQX: VYGVF) has scheduled a conference call for October 29, 2021, at 8:00 a.m. ET to discuss its financial results for the fiscal year and fourth quarter ended June 30, 2021. The company, recognized as a rapidly growing cryptocurrency platform in the U.S., aims to provide choice, transparency, and cost efficiency in the crypto marketplace. Voyager facilitates trading of over 60 cryptocurrencies and offers rewards of up to 12% annually on selected assets.
Voyager Digital Ltd. (TSX: VOYG, OTCQX: VYGVF) has been declared "Fit and Proper" by France's AMF and ACPR to operate in Europe. This designation allows Voyager and its subsidiary, LGO Europe SAS, to serve customers across France and the EU. The approval aligns with Voyager's efforts to expand its services globally, particularly following its acquisition of Coinify, enabling fiat transactions in over 20 currencies. The trading app is expected to launch in selected European countries by late March 2022, addressing a significant demand from European customers.
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