Voyager, the cryptocurrency trading platform created by Uber’s first CTO and a former E*Trade executive, has launched a new brokerage division designed specifically for institutional investors.
Named Voyager Institutional, the brokerage aims to deliver a “best-in-class crypto trading solution” to large firms seeking to trade cryptocurrencies, a group that among others includes hedge funds, buy-side firms, and market makers. The brokerage is slated to launch before the end of the year.
“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, CEO of Voyager and a former executive at E*Trade, in an interview with Traders Magazine.
Voyager Institutional will be led by Glenn Barber, who is joining the firm as its chief institutional officer. Previously, Barber served as managing director of equities and co-head of Deutsche Bank’s New York-based global program sales desk.
At the end of July, Coinstelegram reported that Voyager is launching a commission-free cryptocurrency trading platform for retail investors. Currently Voyager is in beta testing, with the company anticipating that it will release a mobile trading app before November of this year.