France: Voyager Digital (VGX) gains 926% after the acquisition of the LGO exchange
- Since the beginning of the year, the Voyager Digital (VGX) token has increased by 620%.
- Voyager Digital (VGX) had completed the acquisition of the French LGO exchange in October 2020.
- The Trust Project is an international consortium of media organisations based on transparency standards.
The token of Voyager Digital (VGX) gained 926% in about ten days after promising financial results and BitQT several acquisitions in the sector, including the French exchange LGO in October 2020.
Voyager has the wind in its sails
Since the beginning of the year, the VGX token has gained 620% and even reached a new record on 15 January at USD 1.48.
In addition to a fiat – crypto gateway, the platform offers up to 9% interest on stablecoins, as well as a staking solution for Bitcoin (BTC) and other cryptomonnages.
Currently, the Voyager exchange is available in all US states except New York, as the company awaits approval of its BitLicense license.
Overall trading volume on the Voyager platform reached $120 million in November 2020, while assets under management exceeded $485 million on January 15. To date, more than 200,000 users have downloaded the iOS and Android applications.
Series of Acquisitions
The platform is owned by a publicly traded Canadian company, Voyager Digital Ltd. (CSE:VYGR), a fully regulated entity with a market capitalization of $880 million.
In October 2019, Voyager announced a partnership with Celsius Network to manage a portion of its customers‘ assets. This enabled the broker to diversify its staking offering.
In October, Voyager decided to expand in Europe by acquiring LGO, a French cryptomoney exchange platform based in Bordeaux. The exchange had successfully completed an Initial Coin Offering (ICO) of €30 million in 2018.
LGO had also obtained regulatory registration as a Service Provider on Digital Assets (PSAN). The exchange was only the third structure after Coinhouse and StackinSat to obtain this registration with the AMF.
Hugo Renaudin, CEO of LGO, said :
LGO and Voyager are merging their services and offering under the Voyager brand to provide a first-class experience for retail investors in cryptomoney in the US and Europe.