The commission-free cryptocurrency trading market is a tough nut to crack. The earnings if any are pretty limited. However, this does not seem to deter new competition. Recently, Uber co-founder, as well as E*trade alum, founded a startup by the name of Voyager. This start of this platform is to launch 0 commission trading for at least 15 different cryptocurrencies. This will include the main cryptocurrencies like Bitcoin and Ethereum. This is sure to gain a lot of popularity as well.
Moreover, it will be an aggregation engine which will use the data from many different platforms. Moreover, users will be able to transact across platforms. This will ensure that they will be able to get enough liquidity as well. Also, by removing the fees they will be directly competing with Robin Hood as well as other such applications.
According to the CEO of the company, with the help of this dynamic trading, they will be able to easily provide low-cost trading. As a result, people will be able to invest in cryptocurrencies in smaller amounts as well.
Moreover, for each and every cryptocurrency they will be displaying the prize across 10 different exchanges. This will ensure that the investors are able to know instantly which cryptocurrency exchange is providing the best price. Using the platform, they will be able to transact using the cryptocurrency as well. This will automatically ensure that users are able to get the best price for their cryptocurrency Holdings.
15 different currencies:
The platform which will be created by Voyager will involve 15 different cryptocurrencies. While the list is not yet finalized but it is assumed that most of the high market cap cryptocurrencies will be selected. This will ensure that the cryptocurrencies which are garnering a lot of interest from the investors will be included in this list.
If indeed, it is able to provide commission-free trading in the top 15 cryptocurrencies, the platform will be able to gain a significant amount of traction. This will also mean that the volumes which the platform is able to garner will be significantly higher as well.
Moreover, the platform will also provide a comfortable trading experience to the new users as well. This will mean that the learning curve will be eliminated. When the learning curve is eliminated, it will become easier for the cryptocurrency investors to buy any kind of cryptocurrency. This is indeed a unique platform for most of the cryptocurrency investors. They will be able to buy cryptocurrencies in smaller amounts which will ensure that they are able to opt for staggered investing as well which is pretty good enough in the longer term.
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