United States-based cryptocurrency brokerage agency Voyager Digital announced a $75 million funding from cryptocurrency quantitative buying and selling agency and liquidity supplier Alameda Analysis on Thursday. Based in 2018, Voyager Digital offers greater than 60 digital currencies for commerce on its cell app, which additionally contains providers reminiscent of yield farming.
In line with the corporate’s web site, Alameda Analysis was based in 2017 and now manages $1 billion in digital belongings. As well as, the agency claims to commerce anyplace between $1 billion and $10 billion value of main cryptocurrencies, altcoinsand crypto-derivatives every day. The corporate took an lively curiosity in decentralized finance, or DeFi, this pastyear.
Steve Ehrlich, CEO and co-founder of Voyager Digital, issued the next assertion relating to the brand new partnership:
“Whereas the quick alternative is on the order circulation and asset administration entrance, we’re tremendously enthusiastic about potential future synergistic alternatives within the constantly evolving crypto business. These alternatives embrace NFTs and crypto derivatives by means of Alameda, in addition to the creation of thought management as we work with lawmakers on shaping regulation.”
On Wednesday, the Dallas Mavericks basketball group introduced a five-year partnership cope with Voyager Digital. The 2 purpose to extend cryptocurrency adoption worldwide by means of the promotion of instructional content material and fan engagement. It additionally contains naming rights to the Mavs Gaming Hub, the official venue of the namesake basketball group.
