Publicly traded digital-asset brokerage Voyager Digital [VYGR/VYGVF] registered 4-digit revenue growth within the financial year ended June 30, this year.
Within an official announcement today, the Canada-based firm said revenue rose to roughly $1.1 Mln, marking a 1,159% rise from the previous fiscal year’s tally of $87,318 USD.
Other figures for an equivalent period are also impressive: customer assets jumped by 1,959% to $35 Mln, while the entire of brokerage accounts were up 750% at 86,000 USD.
In its bid to spice up growth, the firm formed new partnerships with leading trading platforms including Market Rebellion, LLC, Sterling Trading Tech, and RoundlyX, and purchased Ethos Universal Wallet and Circle Invest’s trading app.
“We achieved strong revenue and account growth during fiscal 2020,” Stephen Ehrlich, co-founder, and CEO of Voyager explained, adding that a hike in the adoption of virtual assets has helped the firm extend the expansion momentum into the primary quarter of the financial year 2021.
Revenue is predicted to possess risen to $2 Mln within the July-September period – up 200% from the preceding quarter’s $700k.
The firm revealed its plans to get a digital currency license, or “BitLicense,” from the NY State Department of Financial Services [NYSDFS] within this year.
However, unlike several other public firms, Voyager has no plans to take a position its treasury funds in cryptocurrencies, Ehlrich added earlier in September.
“Our investors want us to be that agency broker,” Ehrlich added at the time. “They want us to be the one that executes the trade microseconds for patrons, not making bets on coins a method or another.”