Uber Co-founder to Launch No-Fee Exchange

Beta testing of the site will begin this week, and in October traders will have access to the mobile application of Voyager
26 July 2018   412

Voyager, a zero-fee cryptocurrency trading platform will be launched in USA. The startup is analogous to the American app Robinhood. This is reported by Fortune.

The project participants are Uber co-founder Oscar Salazar, investor of Uber Philip Eytan, and head of the retail broker Lightspeed Financial Stephen Ehrlich . The latter is the CEO of the startup.

We saw an opportunity to build a dynamic smart order router that can take advantage of the marketplace and also offer customers no commissions. [Voyager will make up the difference in revenue] by beating the average price of the coins at the point in time we execute the trade.
 

Stephen Ehrlich

CEO, Voyager

The company will function as a free service aggregator for more than ten trading floors. This will allow traders to buy / sell Crypto-currency at the best price.

Initially, 15 crypto-currencies, including Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ethereum Classic, will be presented on Voyager. According to Stephen Ehrlich, the company tends to add assets that are not available on most major US sites, including XRP and Stellar. However, before this, Voyager will ensure the safe storage of these crypto-currencies.

Beta testing of the site will begin this week, and in October traders will have access to the mobile application of Voyager.

In the future, the platform plans to offer additional services for hedge funds and institutional investors, as well as launch news and analytical services.

The introduction of a free Voyager product to the US crypto-exchange market will be gradual due to the need to obtain licenses from the country's regulators. Currently, the site has permits for trading operations in several states, including California, Massachusetts, Missouri, New Hampshire and Montana.

Huobi Group to Launch Trading Service for Big Customers

The service is positioned as an "an exclusive channel for institutions to ensure safe, compliant and rapid deposit-withdrawal of high-value assets"
15 August 2018   130

Huobi Group launched a new trading service for institutional market participants. 

The service is positioned as an "an exclusive channel for institutions to ensure safe, compliant and rapid deposit-withdrawal of high-value assets."

At the first stage, the service will be available for 100 institutional customers of Huobi. The latter will be able to perform up to 10 I / O operations on a first come, first served (FCFS) basis.

A range of new services will include the following options:

  • an exclusive channel for institutions, providing a safe, fast and legal withdrawal of funds;
  • multitasking, allowing to use in trading a lot of positions, strategies and open up to 1000 sub-accounts;
  • individual limits on the volume of transactions and borrowed funds;
  • individual customer support;
  • access to analytical data of the research department of the company, as well as investment strategies of Huobi Quant Academy.

In addition, for institutional clients, there will be regular Mitaps dedicated to the development of the industry, which will also offer participation in various investment projects.