PlayIconNav
BTC
$61,434.03-2.44%
ETH
$3,383.76-1.85%
BNB
$575.63-0.14%
SOL
$152.06+2.70%
XRP
$0.48262320+1.19%
TON
$8.02+2.99%
CD20
$2,140.60-0.50%
DOGE
$0.12329325+0.06%
ADA
$0.41873219+3.21%
TRX
$0.12921677+1.02%
AVAX
$28.47-0.55%
SHIB
$0.00001717+0.47%
Ad
Finance

Alameda Research Pumps $75M Funding Into Voyager Digital

The two will work together to tap opportunities in non-fungible tokens and crypto derivatives.

By Tanzeel Akhtar
AccessTimeIconOct 28, 2021 at 2:45 p.m. UTC
Updated May 9, 2023 at 3:28 a.m. UTC
CoinDesk placeholder image

Cryptocurrency broker Voyager Digital has received a $75 million investment from trading firm Alameda Research.

  • The investment will be used for growth, Voyager Digital (TSX: VOYG) said Thursday. Shares of the company soared 39% in Toronto.
  • Voyager Digital and Alameda plan to tap into opportunities in non-fungible tokens (NFT) and crypto derivatives as well as work together with lawmakers on shaping regulation.
  • “Through our strategic partnership, we believe there are endless mutually beneficial opportunities to grow both our businesses,” said Caroline Ellison, the co-CEO of Alameda.
  • Alameda Research was launched by crypto billionaire Sam Bankman-Fried who announced Oct. 12 he was taking a step back to make room for co-CEOs Ellison and Sam Trabucco.
  • Currently, Alameda Research trades over $5 billion a day across thousands of products including cryptocurrencies, altcoins and their derivatives.
  • Voyager Digital will issue some 7.7 million shares to Alameda, giving it a stake of more than 4%.
VolumeMuteUnmute

Circle Gets First Stablecoin License Under MiCA, Head of Global Policy Weighs in on What's Next

  • What Is the Key to Crypto Regulation? Circle Head of Global Policy Weighs In
    00:51
    What Is the Key to Crypto Regulation? Circle Head of Global Policy Weighs In
  • Circle Becomes First Stablecoin Issuer to Get MiCA License; Polymarket Hits $100M of Volume in June
    02:04
    Circle Becomes First Stablecoin Issuer to Get MiCA License; Polymarket Hits $100M of Volume in June
  • Breaking Down SOL's Price Movements After Spot ETF Filings
    00:47
    Breaking Down SOL's Price Movements After Spot ETF Filings
  • 21Shares Exec on Future of Crypto ETFs
    14:06
    21Shares Exec on Future of Crypto ETFs

    • Read more: Voyager Digital a Step Closer to Operating in EU After French Regulatory Approval

    UPDATE (OCT. 29, 13:27 UTC): Updates with closing share move in first bullet, adds Alameda stake in final bullet.

    Disclosure

    Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

    CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

    Tanzeel Akhtar
    Tanzeel Akhtar

    Tanzeel Akhtar is a reporter based in London,UK.

    Follow @Tanzeel_Akhtar on Twitter