Voyager has created new brokerage division for institutional investments. The firm, founded by Uber’s former CTO Oscar Salazar and Stephen Ehrlich, is a cryptocurrency trading platform.
The division will focus on helping institutions rather than individuals and promises to offer the best possible prices for retail investors.
The firm aims to create world-class investment options for companies and according to the news broken by Trader’s Magazine, the companies to invest will include hedge funds, buy-side firms, and market makers.
“Expanding our offering and leveraging our infrastructure to include the institutional community was always a part of our long-term strategic roadmap,” said Stephen Ehrlich, the CEO of Voyager. “Based on the sheer number of conversations since we announced our retail offering, it’s clear that there is a void in the marketplace and an immediate desire by institutions to participate in and offer their clients access to this emerging asset class without the significant resources, costs and time that would be required to develop an in-house solution.”
The institutional investment arm is going to be led by Glenn Baker who will be the Chief Institutional Officer. Baker has previously worked as the managing director of equities of Deutsche Bank’s global program sales desk.
“Our goal is to bring the level of access, connectivity, and innovation that institutional investors, in particular, are seeking in order to effectively participate in crypto trading.”
Beyond institutional investments, Voyager also plans to set up a cryptocurrency platform for retail investors.
The platform, which is currently in its beta stages, uses proprietary routing engines to determine the best price by comparing across multiple exchange platforms and is working towards securing more clients.
Investing in the Future
When most people think of cryptocurrency, they tend to think of individuals investing over the internet with their personal money in the hopes of making more and at the beginning of the cryptocurrency era, this was mostly true.
However, in recent times, it has become more common for institutions and businesses to invest in cryptocurrency as it becomes more mainstream.
Platforms such as the one Voyager is launching will not only normalize the idea of institutions as whole investing in cryptocurrency but will also aid these institutions in these investments as well.