US-based cryptocurrency brokerage company Voyager Digital announced a $ 75 million investment from quantitative cryptocurrency trading company and liquidity provider Alameda Research on Thursday. Voyager Digital was founded in 2018 and offers more than 60 digital currencies for trading on its mobile application, which also includes services such as yield farming.
According to the company’s website, Alameda Research was founded in 2017 and today manages $ 1 billion in digital assets. In addition, the company claims to trade between $ 1 billion and $ 10 billion in major cryptocurrencies, altcoins, and crypto derivatives every day. The company took an active interest in decentralized finance (DeFi) last year.
Steve Ehrlich, CEO and co-founder of Voyager Digital, made the following statement about the new partnership:
“Although the immediate opportunity is paramount in the order flow and asset management, we are very excited about potential future synergy opportunities in the ever-evolving cryptocurrency industry. These opportunities include NFT and crypto derivatives through Alameda, as well as creating thought leadership as we work with lawmakers to shape regulation. “
On Wednesday, The Dallas Mavericks basketball team has announced a five-year partnership with Voyager Digital. The two aim to increase cryptocurrency adoption around the world by promoting educational content and fan engagement. It also includes the naming rights to the Mavs Gaming Hub, the official home of the basketball team of the same name.