The zero-fee trading model was advanced by Robinhood, and now a new entrant is seeking to snatch the crown.
Voyager, backed by some renowned tech investors including an Uber co-founder, will offer at least 15 cryptos to trade on its platform, giving it an edge over Robinhood which only offers five.
Seizing the Opportunity
Having begun offering zero-fee crypto trading earlier in the year, Robinhood has enjoyed relative success especially since it hasn’t had any major competition.
Speaking to Fortune, Ehrlich expressed confidence that his platform will become a household name in the industry, especially as it offers extra features that Robinhood doesn’t.
Robinhood made headlines when it announced that it would begin to offer crypto trading on its zero-fee trading app.
While Coinbase, Binance, and other giant crypto exchanges have made a name for themselves and dominated the market, a new model is slowly taking root. The zero-fee trading model was advanced by Robinhood, and now a new entrant is seeking to snatch the crown.
It would appear that virtually every technology firm is looking to enter the cryptocurrency market in one way or another. Voyager, a firm backed by an Uber co-founder, is looking to launch no-fee trading of over a dozen different cryptocurrencies.
The commission-free cryptocurrency market gained more competition on July 25, 2018, when the Voyager revealed the intent to offer free trading for at least 15 different cryptocurrencies. Voyager, a startup backed by Uber co-founder Philip Eytan, will function as an aggregation engine for cryptocurrency prices across more than a dozen trading companies.
The commission-free trading platform Robinhood must now get ready for a huge challenge. The platform that once grabbed headlines for providing zero-fee trading in cryptocurrencies will meet its rival, Voyager, backed by an Uber co-founder and an E*Trade alumnus.
Voyager, a startup backed by an Uber co-founder, has announced its plans to launch a new zero-fee mobile trading app by the end of this year.
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A talented team of industry leaders from Silicon Valley and Wall Street, including Uber Co-Founder Oscar Salazar and former E*TRADE CEO Stephen Ehrlich, has announced their intention to release a new cryptocurrency trading platform.
Voyager, a startup backed by Uber co-founder, Oscar Salazar, has announced that it will launch a commission-free cryptocurrency trading platform. It is intended to function as an aggregation engine for cryptocurrency prices across more than a dozen trading venues.
A talented team of industry leaders from Silicon Valley and Wall Street, including Uber Co-Founder Oscar Salazar and former E*TRADE CEO Stephen Ehrlich, has announced their intention to release a new cryptocurrency trading platform.
An announcement made July 25 has revealed that the Co-Founder of Uber along with a former E*Trade head and other investors have partnered up to launch a startup called Voyager, which like Robinhood, is a mobile trading app, which offers no trading fees for cryptocurrencies.
