Voyager Uplists To Major Stock Exchange
Voyager Digital is moving from the CSE to the TSE.
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- Voyager Moves To TSX
- Voyager Moving Up
- TSX And Crypto
Voyager Moves To TSX
Voyager Digital announced today via press release that they are switching exchanges. The crypto trading app is moving from the Canadian Stock Exchange (CSE) to the Toronto Stock Exchange. The stock will trade under symbol VOYG.
VOYG begins trading on TSX on Sept 7th at market open. The companies shares were delisted from the CSE on September 3rd.
“I want to thank our employees, whose hard work and dedication has allowed Voyager to rapidly grow into a company that meets the stringent TSX listing requirements in such a short amount of time, said Steve Ehrlich, CEO of Voyager Digital. “Trading on the TSX provides us with a broader reach to expand our global investor base and continue building out our platform.”
The move exposes Voyager to a far larger market than they would have with CSE. The CSE is a far smaller exchange. Founded in 2004, it’s market cap is around 63 billion. TSX’s market cap is estimated at 3.1 trillion.
“Voyager’s growth to over US$5 billion in Customers AUM currently, with close to 2 million verified users on our platform has positioned us for continued success, and our uplisting to the TSX reflects the strength of our Company,” said Ehlrich added.
TSX is also the 7th largest exchange in the world, and third largest in North America.
Voyager Expanding Base
Recommended: Voyager Digital Purchases Crypto Payment Processor Coinify
Voyager Digital joins Galaxy Digital as American based crypto companies publicly listed on the TSX.
The move also exposes Galaxy Digital to a far larger market. Although, they will continue to be traded over-the-counter (OTC) in the US, it opens up Voyager to a larger investor base in Canada.
For example, CSE is unavailable to Wealthsimple users. Wealthsimple, a commission free trading app, is Canada’s equivalent to Robinhood.
Not to mention, CSE doesn’t exactly have the best reputation in Canada.
TSX And Crypto
Unlike other exchanges, TSX has demonstrated a friendly approach to crypto.
Sure, Coinbase is trading on NASDAQ. And so are many crypto miners. But companies like Galaxy Digital and Voyager Digital who seek public investment continually eschew going public in their country of origin. That might be changing with a spate of recent announcements.
Nevertheless, it’s been interesting to see how crypto friendly the TSX has been. Not only are they now home to Voyager Digital and Galaxy, they were the first to bring to market Bitcoin and Ethereum ETFs.
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Text source: CryptosRus
