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Crypto asset broker Voyage Digital Ltd. plans to allow customers to acquire traditional stocks through the USD Coin later in the year, in partnership with Market Rebellion.
Source: Bloomberg
BTC is up 0.77%, ETH up 3.04%, and XRP up 5.26%.
The feature is set to be launched later in 2022, in line with the joint venture with Market Rebellion to operate a regulated broker-dealer. The joint venture will handle equity trades on behalf of Voyage clients, which will allow purchases made with USDC.
The announcement comes as competitors FTX US and Bitstamp USA also eye equities trading but have not indicated any plans to use cryptocurrencies. This will be in accordance with the guidelines of the Financial Industry Regulatory Authority.
Voyage Chief Executive Steve Ehrlich said the incorporation of stock trading is a “natural extension” and in anticipation of expected consumer demand. Commission-free equity trades are expected in the second half of the year.
Voyager also plans to penetrate the European and Canadian markets, and expand into non-fungible tokens moving forward.
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