Voyager Digital is launching a feature later in the year that enables customers to purchase stocks using the USDC stablecoin.
The company’s new offering comes after a partnership with Market Rebellion on a regulated broker-dealer that facilitates equity trade on behalf of clients.
The CEO and co-founder of Voyager, Steve Ehrlich, notes that integrating stock trading and basing it on the USD is customer-driven and an ideal value proposition.
Ehrlich says that the firm aims to offer users commission-free equity trades in the second half of the year and may receive some payment for order flow.
Voyager also plans to unveil a crypto-funded debit card in collaboration with Mastercard and Metropolitan commercial bank. Ehrlich notes that the firm is expanding into non-fungible tokens space.
FTX US and Bitstamp US are reportedly exploring offering equities trading in their operations as cryptocurrency exchanges move to diversify their revenue streams.
Voyager is a New-York based firm dealing in cryptocurrency staking, yield products, and trading. The firm is also listed on the Toronto Stock Exchange.
Source: BNN Bloomberg