In Brief:
- Voyager Digital’s subsidiary has been approved as “fit and proper” by two French regulatory bodies
- Voyager will provide trading services in some countries of Europe under the subsidiary LGO Europe SAS
- The firm is planning to launch the app next year in the first quarter
Voyager Digital, a U.S. based Cryptocurrency platform has been approved as “fit and proper” by two regulatory bodies Autorité des marchés financiers and the Autorité de contrôle prudentiel et de résolution. Voyager became the first non-french, non-European firm, which labeled by this tag.
Voyager was approved by regulatory bodies to begin operation and trading services in some countries of Europe including France under the subsidiary LGO Europe SAS with its 60 digital assets.
“This recognition is a major step in the process to bring the Voyager app and product suite to European customers and continues our vision of building Voyager into a truly global financial services company,” said the CEO of Steve Ehrlich in a statement.
As per Voyager’s announcement, the firm has been developing a mobile trading app, which is expected to launch next year in a limited number of European countries.
Voyager chief international officer Lewis Bateman Said, “We have a long waiting list of European customers who are looking forward to the launch of our app. The crypto economy is global and we are excited about the prospect of servicing these customers and delivering the Voyager quality access to a broader customer segment.”
Earlier In August, Voyager signed an acquisition agreement with crypto payment firm Coinify with an estimated value of $85 million. The aim of this agreement was to increase its reach to global cross-border payments as a global financial company.
Last week, Voyager Token (VGX) price increased to 13.22% and marked to $2.57 after the heavy fall last month.
