Voyager, a startup supported by the co-founder of Uber, will be the new cryptocurrency exchange that provides the opportunity to trade without commissions.
The exchange will function as a kind of aggregation mechanism of cryptocurrency prices on more than a dozen trading platforms, allowing customers to buy and sell Bitcoin and other digital assets at the best price available on them.
Initially the Voyager will be presented to 15 cryptocurrencies, including Bitcoin, Ethereum, Litecoin, Cash, Bitcoin, Ethereum Classic. The company also plans to add assets that are not available on most major American platforms, such as Ripple and Stellar.
Abandoning fees, the “bread and butter” for most companies, Voyager expects to become a major competitor trading app Robinhood, which currently provides trade five cryptocurrency without commissions.
With simultaneous connections to 10 exchangers, plus three additional market-maker, including those based in the US and abroad, Voyager believes that it can consistently fulfill orders for buying and selling cryptocurrencies at a lower price than Coinbase or Binance.
Among the co-founders of the startup Oscar Salazar, co-founder and chief technology officer of Uber. In a new project he plays the role of the chief technical adviser and investor. Gaspar de Dreuzy, CPO (chief product officer) in Voyager, and Chairman of the Board Philip Eytan, an early investor in Uber, are also co-founders.
Voyager will begin beta testing this week, and a mobile application for traders to appear at the end of October. The startup also plans to offer additional services for hedge funds and institutional investors, and run a news and analysis service in its mobile app to help regular investors make decisions about buying and selling.