Voyager Digital To Allow Buying Stocks With USDC: Report

Time Stamp: February 9, 2022 12:09 PM
Source Node: 1169460

Voyager Digital to allow its investors to buy stocks with USDC later this year through their brokerage platform so let’s read further in today’s latest cryptocurrency news.

Founded in 1993, Voyager Digital offers plenty of brokerage platforms for different assets like crypto. The company even wants to combine the world of crypto and equities by allowing investors to make purchases via Circle’s Stablecoin UsDC. The report from Bloomberg informed that the new feature will see the light of day y the end of this year however also it will be possible for a joint venture between Market Rebellion and Voyager Digital to enable both sides to run a regulated broker-dealer. The new entity will handle equity trades on behalf of Voyager’s clients and they will be able to purchase shares of the companies that are listed on the platform using USDC as the payment method. The co-founder Steve Ehrlich said:

“Incorporating stock trading, especially basing it on digital dollars, is a natural extension of what we’re doing, of our value proposition and what consumers are going to want in the near future.” – commented the company.”

USDC Stablecoin Erodes, tether, usdt, stablecoin

Voyager digital to allow investors to use crypto to buy stocks is a huge step ahead for the company. The future plans for the company include rolling out a crypto-based debit card via a partnership with Mastercard and Metropolitan Commercial bank. The reports also show that the two biggest crypto exchanges BitStamp and FTX have similar plans as Voyager and both of the companies already outlined plans to start offering stocks products to their clients to compete with giants like eToro and Robinhood.

As recently reported however, Voyager Digital got sued for misleading investors on trading fees as some said the exchange was charging hidden commissions despite the exchange claiming it was commission-free. The lawsuit charges the exchange with changing hidden commissions despite the claims to be commission-free. The publicly traded crypto exchange Voyager Digital got sued and it is facing a proposed class-action lawsuit over the hidden fees being charged on the trades as per the filed lawsuit in the Federal Miami court. The lawsuit filed on behalf of Florida resident Mark Cassidy alleged that the exchange claims to be a commission-free platform for the users and it used various methods to charge the secret commissions on the trades including keeping the spread wide.

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