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   1980

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.

SEC Chairman to Speak About BTC Listing

It looks like Bitcoin listing on the tradional exchanges won't happen in the nearest future
20 September 2019   171

Chairman of the US Securities and Exchange Commission (SEC) Jay Clayton said that bitcoin needs more regulation for listing on large exchanges. It is reported by CNBC.

If [investors] think there’s the same rigor around that price discovery as there is on the Nasdaq or New York Stock Exchange ... they are sorely mistaken. We have to get to a place where we can be confident that trading is better regulated.
 

Jay Clayton

Chairman, SEC

He was talking about listing conditions for bitcoin itself, and not derivatives, such as CME futures.