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Crypto broker Voyager opens in Europe after merging with LGO

The crypto broker Voyager has entered into a partnership with LGO, a European digital asset exchange focused on institutions.

“”LGO and Voyager will merge their services and offerings under the Voyager brand to provide a premium experience for retail cryptocurrency investors in the US and Europe.“LGO CEO Hugo Renaudin told Cointelegraph.

“European customers will be able to access the Voyager application using LGO’s legal provisions in Europe and both LGO and VGX tokens will be merged into one new token.”

As a crypto broker, Voyager makes it easy for customers to transact through its platform. Using a single exchange like Coinbase means customers only have access to the liquidity and volume of that platform. Brokers, on the other hand, quickly route trades to a number of different exchanges for clients.

Crypto broker Voyager opens in Europe after merging with LGO
Crypto broker Voyager opens in Europe after merging with LGO

Although so far only US customers were allowed, Voyager is now looking to expand its coverage to European retailers following the merger. European customers have the same access to the Voyager platform as US customers.Renaudin said: “Pending approval by French and European regulators.”

US customers will also benefit from the merger. “As a user of a global application, you benefit from the services of a larger provider with greater reach and better services (better prices, more assets, better prices),” said the CEO.

“In addition, global token holders (in the US, Europe and elsewhere) will benefit from the new token, which will provide more value and functionality for the Voyager app user.”

The LGO is an important institutional crypto exchange. The company helped found ADAN, a group of companies promoting the blockchain industry and cryptanalysis in Europe. As part of the merger, LGO will cease its dedicated institutional exchange on October 31, 2020 and transfer its assets to Voyager at the end of 2020.

“”LGO will operate under the Voyager brand, so we mainly focus on retail“Explained Renaudin.” However, Voyager recently announced the launch of its institutional offering and we will help grow this part of the business as well. “

Voyager and LGO each have their own native crypto assets: VGX and LGO. As part of the merger, Voyager will expire these tokens and replace them with a single new asset that is expected to hit the market by 2021. Current asset owners can trade their assets and get the new one when it comes out. This renewed asset offers a number of benefits including community governance for DeFi and the ability to deploy.

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