It could be onerous to argue that the cryptocurrency brokerage enterprise just isn’t among the finest companies globally these days. For instance Coinbase has reached an implied US$68B valuation forward of its extremely anticipated Nasdaq itemizing, from close to zero only some years in the past. One other instance is Voyager Digital Ltd. (CSE: VYGR | OTCQB: VYGVF), an organization that is among the up and coming crypto-asset brokers. In somewhat over a yr (roughly in 2020) they elevated their belongings below administration (AUM) from US$5M to US$500M, a 100x increase, and AUM have now risen exponentially to achieve US$1.7B, as of the tip of February 2021.
Simply check out their inventory worth efficiency the previous yr, up a mind-boggling 15,300%. Sure you learn that appropriately, 15,300%, or successfully a 154-fold enhance. Over the previous yr Voyager Digital’s inventory worth has gone from C$0.20 to C$30.90. Wow! That is what buyers desires about all their lives.
Had you been fortunate or smart sufficient to speculate C$10,000 into Voyager Digital inventory a yr in the past, that funding would at this time be price C$1.54M. It reveals it’s effectively price following InvestorIntel commonly and carefully as we’ve got a historical past of discovering up and rising stars, similar to Voyager Digital.
Voyager Digital’s inventory worth is up a mind-boggling 15,300% (154-fold) over the previous yr
Supply: Yahoo Finance
Voyager Digital is a crypto-asset dealer that gives retail and institutional buyers with a turnkey answer to commerce crypto belongings. Voyager presents prospects the very best execution and secure custody on a large alternative of standard crypto-assets.
Co-founder and CEO of Voyager, Stephen Ehrlich, stated again in late 2020:
“Voyager’s providing of over 50 digital belongings, together with 22 interest-bearing belongings, is profitable over buyers. As we enhance our advertising attain, buyers are gravitating to Voyager’s commission-free, simple to make use of platform, evidenced by our each day deposits growing 25x since December.”
The Voyager Digital crypto dealer app is experiencing exponential progress
To get a really feel for the exponential progress the desk issued by Voyager Digital of their March 1, 2021 update is proven under. If we have a look at new customers to the app they elevated by a staggering 250,000 in January 2021, and once more by 190,000 within the quick month of February 2021. Voyager Digitals’ preliminary income has mirrored the speedy bounce in new customers by climbing from US$1.7M in December 2020 to US$20M in February 2021. AUM additionally grew exponentially to US$1.7B in February 2021. Complete verified customers on the platform as of the tip of February 2021 stands at roughly 605,000.
Voyager Digital crypto dealer platform stats reveals the exponential 2021 progress
“We’re excited to see a quickly rising group of buyers using our platform and look ahead to delivering worth to all our stakeholders. We intend to deploy capital to speed up our progress by strategic advertising initiatives, additional improvement of our know-how infrastructure, and constructing employees throughout all departments to place Voyager because the go to digital monetary providers agency of the longer term.”
Voyager Digital is at the moment in hyper-growth mode with a blockbuster begin to 2021. The platform/app efficiency numbers and inventory worth efficiency are simply mind-boggling and have solely been getting higher in current months. In fact, Bitcoin (BTC) has been within the limelight and has been quickly rising, boosted by additional acceptance from some large names together with Elon Musk at Tesla asserting in February 2021 a US$1.5B investment into Bitcoin.
Dangers exist with any new enterprise and buyers have to be aware that the present surge in reputation for cryptocurrencies can reverse if sentiment had been to vary.
Wanting forward there may be nonetheless large upside potential if the corporate can proceed to execute and develop quickly. Voyager Digital trades on a market cap of C$4B, which is effectively under the market chief Coinbase (non-public) which is alleged to have an implied valuation of US$68B, which works out to be 17x larger. In fact, Coinbase is way larger for now with 43 million customers buying and selling digital belongings in additional than 100 nations.
Keep tuned to InvestorIntel for extra updates on this hyper-growth and tremendous thrilling firm.