Voyager Digital announces strategic investment of $ 75 million from Alameda Research

US-based crypto broker Voyager Digital announced on Thursday a $ 75 million investment from quantitative crypto trading company and liquidity provider Alameda Research. Voyager Digital was founded in 2018 and offers more than 60 digital currencies for trading via its mobile app, which also includes services such as yield farming.

Founded in 2017, according to the company’s website, Alameda Research currently manages $ 1 billion worth of digital assets. In addition, the company claims to trade major cryptocurrencies, altcoins, and crypto derivatives valued at $ 1 billion to $ 10 billion on a daily basis. The company has shown an active interest in decentralized financing or DeFi in recent years.

Commenting on the new partnership, Steve Ehrlich, CEO and Co-Founder of Voyager Digital, said:

“Although the immediate opportunity lies in asset management and the ordering process, we are extremely excited about potential future synergy opportunities in the constantly evolving crypto industry. We are working with the legislature to shape the regulation. “

On Wednesday, the Dallas Mavericks basketball team announced a five-year partnership with Voyager Digital. Both aim to increase the adoption of cryptocurrencies worldwide by promoting educational content and fan engagement. It also includes the naming rights to the Mavs Gaming Hub, the official venue for the basketball team of the same name.