Cryptocurrency broker Voyager Digital has announced that Assets Under Management (AUM) has surpassed $350 million, a 52% increase from $230 million at the end of last year.
According to a press release shared with Coin Rivet, Voyager Digital also revealed that daily net deposits exceed $5 million, up from approximately $1 million per day in December.
Daily new funded accounts has also grown by 400% compared to the December run rate, with principal value traded also increased from $5 million per day to $20 million per day.
Furthermore, trading velocity has increased to approximately 1.25x-1.5x AUM on a monthly basis compared to a historic turnover rate of 0.75x to 1x AUM.
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— Voyager (@investvoyager) January 8, 2021
Steve Ehrlich, Co-founder and CEO of Voyager, said: “We are extremely excited at the expedited growth in our business over the last few weeks, as indicated by our January to date metrics.
“As mainstream adoption of digital assets continues to accelerate, Voyager gains market share through customer acquisition, international expansion and product expansion, driving shareholder value.
“Additionally, in times of volatile markets, as can happen with this asset class, we see an increased amount of trading which increases many of the key metrics. Voyager is well-positioned in this dynamic, rapidly growing industry.”
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