Victor Ugochukwu · Dec 14, 2020 . 5min read
Crypto Exchange LGO to merge with Voyager for expansion in Europe
Voyager has teamed up with LGO to provide a premium experience to retail cryptocurrency investors in the U.S., and European markets.
By Komal Joshi · Oct 22, 2020 . 5min read
Crypto broker Voyager has joined forces with LGO. The latter is a European digital asset exchange which concentrates on institutions. Voyager is a publicly-traded, licensed crypto-asset broker that offers investors a turnkey solution to trade crypto assets. Voyager will gain direct control of the regulated entity, allowing the company to advance its European strategy.
Recently, Voyager’s agency brokerage platform offers United States consumers with an easy-to-use platform that allows consumers access to over 50 crypto assets plus interest on over 17 assets. Its customers can download the app from the Apple App Store or Google. Previously only enabling U.S. customers, Voyager now aims to extend its coverage to Europe’s retail citizens following the merger. European consumers will have the same access to the Voyager platform as U.S. clients.
According to reports, U.S. consumers will also profit from the merger. As users of a global app, they will profit from a more significant player’s services, with a vast range and better services. The LGO exchange supported to start ADAN, a collection of entities promoting Europe’s blockchain and crypto industry. However, as part of the merger, LGO will terminate its dedicated institutional exchange on October 31, 2020. It will also transfer its assets to Voyager by the end of 2020.
Voyager and LGO to swap into a new token.
For the uninitiated, Voyager and LGO each have their native crypto-assets, namely, VGX and LGO. For the merger, the next version of the Voyager token will be minted. Thus, enabling holders of the LGO and VGX token holders to swap into the new token. Owners of the prevailing assets can trade in their holdings and get the new one when it comes out.
The new token will involve decentralized financial characteristics like community governance, as well as an advanced utility involving staking with an initial 7% interest, cashback rewards on trading on the Voyager platform, interest boosters, debit card benefits, reduction of withdrawal fees, and more, all on a global basis. The token swap may launch before the conclusion of 2020.
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