A U. S.-based company called Sterling Trading Tech (STT), which is focused on offering several financial products such as equities, options and futures for its clients, has decided to partner with Voyager Digital, a Canadian company focused on cryptocurrencies. This will enable the platform to start offering crypto assets on its professional platforms for institutional traders.
STT is a broker-neutral system which provides the technology or financial institutions and professional traders who want to make more profits using the right tech. With this new collaboration, the company will start to allow its consumers to trade cryptos using integration with Voyager, which is offering its execution services and a crypto exchange data feed for the other company.
The Voyager app is used in several crypto exchanges in order to let them buy and sell assets on the closest price offered by the users. Now the two companies will integrate their systems and want to launch the integrated platform at the beginning of the second half of the year.
At this moment, Voyager is already offering commission-free trading for 18 tokens in total and the company intends to compete with Robinhood, which is one of the main companies in the market that allows for opening accounts instantly.
Voyager has several investors, including the co-founder of Uber, Oscar Salazar. The company is currently headed by the former CEO of Lightspeed Financial, Stephen Ehrlich.
Andrew Actman, the director of business at STT, commented the news by affirming that this new partnership makes the company thrilled to deliver a very sophisticated service to institutional traders of the platform. According to him, the company received several requests to upgrade the product, so this is what they are actually doing now.
The co-founder and CEO of Voyager, Steve Ehrlich, affirmed that the demand continues to rise for this area and that several institutional players are now considerably interested in entering the market, so more companies are needing in-house solutions to cater to this new demand.