Ethos and Voyager Team Up to Enhance Crypto Wallets and Custody Solutions with Fiat Exchange
Licensed by the United States, Voyager acts as a brokerage company for crypto assets, and they have recently established a partnership with Ethos. This partnership gives them access to the Bedrock platform, which provides wallet and self-custody solutions on the platforms. This will also make the crypto-to-fiat service option that Voyager provides an applicable benefit for Ethos users in the Ethos Universal Wallet.
Essentially, Voyager wants to establish a single hub that can safely allow users to trade and/or store their cryptocurrency. It supports many coins, even the ones that custody partners have remained absent from, though the full list of supported coins will not be available until the launch of the mobile app, which commences next month.
All of the benefits do not singularly lie within Voyager. Those will now have the option to use their wallet to go between fiat and crypto currency without having major fees. Still, to make the integration easier, Voyager has brought on the Ethos CEO, Shingo Lavine, as a member of the Voyager Advisory Board. On this new partnership, Lavine said, “Voyager gives our users the power of fast, commission- free trading using their smart order router and liquidity network. For Ethos Universal Wallet users, this means that a low-fee fiat gateway will be a future enhancement, first for our U.S. clients and then rolled out globally.”
Both companies are excited over other features and solutions that will come with the partnership, though the main effort is just to make the process easy for both sides. The main features being adapted right now are the trade execution from Voyager, Ethos’s Universal Wallet, and Ethos Bedrock.
Voyager has already launched a new platform that targets the institutional market. However, these are presently in competition with Coinbase’s GDAX and Circle’s CircleTrade platforms. The platforms work with professional investors, like brokerages and hedge funds, to improve their application of crypto assets, including an OTC trading desk. These entities can purchase cryptocurrency with the desk, but do not require any commission charges.
Even with all of these adaptions, Voyager is still headed up by Stephen Ehrlich, though he previously worked as the CEO and founder of Lightspeed Financial. Ehrlich commented on the transition, saying, “With this transformative partnership in place, we believe we are offering the first end to end, fully integrated solution in the crypto asset space. We are always seeking out products and solutions that enhance the experience for crypto investors and these best-in-class solutions from Ethos are a perfect complement for us, further strengthening our offerings and goal of operating a unique, pure-play, open architecture platform.”