Voyager Digital Experiences Fiscal 2021 Initially Quarter Effects and Supplies Business enterprise Update

CSE: VYGR
OTCQB: VYGVF
Borse Frankfurt: UCD2

–  Grows quarterly earnings practically 200% sequentially-
– Present AUM more than $150 Million, 50% growth in significantly less than a thirty day period –

NEW YORK, Nov. 30, 2020 Voyager Digital Ltd. (“Voyager” or the “Organization”) (CSE: VYGR) (OTCQB: VYGVF) (FRA: UCD2), a publicly traded, licensed crypto-asset broker that offers buyers with a turnkey answer to spend in crypto assets, now announced decide on economical effects for its fiscal 2021 initial quarter finished September 30, 2020 and is delighted to supply shareholders with a enterprise and operational update.

For additional in depth info, the Firm encourages investors to study its interim financial statements and similar Administration Dialogue & Examination (“MD&A”) for the three months ended September 30, 2020, which will be filed with SEDAR nowadays.

“Our robust fiscal 2020 momentum carried around into the 1st fiscal quarter of 2021, exactly where we saw history revenue and client asset progress,” stated Stephen Ehrlich, Co-founder and CEO of Voyager. “As a result of the ongoing adoption of our dependable and protected system, our revenue grew roughly 200% on a sequential basis during the September quarter. Far more just lately, our Property Underneath Administration (AUM) exceeded $150 million, up considerably from the $100 million we reported on November 6th. Voyager’s business is designed to scale and excel in equally up and down marketplaces, as consumers are inclined to trade when the markets shift in either way. Additionally when marketplaces are flat, Voyager even now earns earnings on account balances because of to our desire design.”

Mr. Ehrlich ongoing, “We have noticed the acceleration of mainstream acceptance of cryptocurrencies as an asset class, and buyers are progressively turning to our platform to do their investing, as buyers of the system have now amplified around 20% given that September. Buyers are ever more joining us at Voyager, wherever they can trade commission-totally free and receive interest on over 50 digital assets. Notably, although the rise of Bitcoin and other cryptocurrencies has contributed to our AUM expansion, additional than 65% of the progress is driven by elevated user deposits.”

Monetary and Operational Milestones During & Subsequent to Initially Quarter 2021 Ended September 30, 2020

  • Profits grew 200% to roughly USD$2. million, for the fiscal quarter finished September 30, 2020, in comparison to USD$700,000 for the earlier quarter
  • Profits for the quarter of roughly USD$2.0mm is an boost from USD$70,000 from the quarter finished September 30, 2019
  • Done a C$5.7 million non-public placement, consisting of a C$5.3 million brokered placement of specific warrants and a concurrent C$.4 million non-brokered non-public placement in November 2020, Assets Underneath Management (AUM) surpassed USD$150 million, up from USD$5 million at the stop of December 2019, symbolizing a 30x improve about a interval in the course of which Bitcoin enhanced just under 2.5x in benefit

New Organization Milestones

  • Web deposits proceed to set daily information, averaging in extra of USD$750,000 for every working day throughout November 2020, up 10x from June 2020.
  • Firm surpasses USD$1 million of regular monthly earnings for the first time during November 2020
  • Additional the 52nd digital asset and 10th DeFi asset to Voyager’s fee-cost-free crypto buying and selling system
  • Improved Voyager’s interest offering to 22 property, up from 14 belongings at June 30, 2020
  • Extra new institutional giving, increasing Voyager’s attain to company treasury desks and institutional accounts
  • Expanded management group with the addition of Evan Psaropoulos as Chief Economical Officer, Michael Legg as Head of Communications, and Lewis Bateman as Head of Business Improvement and Global Strategy
  • Fashioned an advisory marriage with NBA Corridor of Famer Tracy McGrady, assisting to teach buyers about Voyager’s marketplace-major interest method, supplying up to 9.5% interest on a variety of digital assets
  • Announced the acquisition of LGO, SAS, an AMF controlled entity which provides Voyager a completely certified European entity to expedite our European method. The offer is predicted to shut by year conclude
  • Awarded The People’s Preference Award at the 6th annual 2020 Benzinga World FinTech Awards in November 2020

Mr. Ehrlich additional, “In fiscal 2021, we will retain bettering our system so we can proceed to give our buyers with a top-quality electronic asset investing encounter. This contains the advancement of debit and credit rating playing cards, margin products and solutions, desktop, and ongoing growth of our business-primary interest system, which at present includes 22 interest-bearing property. In addition to including new capabilities and implementing platform enhancements, we are also focused on expanding internationally and eventually bringing the Voyager App to investors throughout the world. We are thrilled with our development so significantly, and our crew stays dedicated to increasing Voyager even even further and supplying our loyal prospects the very best investing knowledge for their crypto assets.”

For extra information and facts on Voyager Digital, make sure you stop by https://www.investvoyager.com. The Voyager App is readily available for Android and Iphone.

About Voyager Electronic Ltd.
Voyager Electronic Ltd. is a crypto-asset broker that presents retail and institutional buyers with a turnkey option to trade crypto belongings. Voyager provides consumers greatest execution and harmless custody on a vast option of well known crypto-belongings. Voyager was started by proven Wall Street and Silicon Valley entrepreneurs who teamed to bring a superior, a lot more clear and price tag-economical substitute for trading crypto-belongings to the market. Please stop by us at https://www.investvoyager.com for additional info and to review the newest Corporate Presentation.

Neither the Canadian Securities Exchange nor its Market Regulator (as that term is described in the policies of the Canadian Securities Trade) accepts obligation for the adequacy or accuracy of this release. No securities regulatory authority has both permitted or disapproved of the contents of this push release.

Cautionary Assertion Relating to Ahead-Wanting Information and facts: The forward-looking statements contained herein are manufactured as of the date of this release and, other than as demanded by applicable securities regulations, the Business does not suppose any obligation to update or revise it to reflect new functions or circumstances. There is no assurance any of the impending milestones detailed over will be recognized in the fashion contemplated, or at all. The ahead-wanting statements contained in this release are expressly competent by this cautionary assertion.

Supply Voyager Digital (Canada) Ltd.