• Coinify, a cryptocurrency custody and payments platform, has been acquired by Voyager

  • According to a Monday press release, Voyager announced the acquisition of Coinify ApS, a crypto trading and payment firm, today.

    Coinify is already present in over 150 countries across Europe, Asia, and the Americas. Through the acquisition of Coinify, Voyager intends to strengthen its international expansion, particularly into Europe, as well as its business-to-business capabilities.

    “The acquisition of Coinify brings a global payment infrastructure to Voyager’s digital asset ecosystem and will provide a fast, easy, and secure way for our rapidly growing customer base of over 1.75 million users to make payments from their Voyager accounts,” said Voyager co-founder and CEO Stephen Ehrlich in a statement.

    According to data, Voyager has consistently had the highest valued stock among crypto companies since the beginning of 2021. Since February 2020, the company’s stock price has increased by more than 6,000 percent.

    In the last two years, Voyager has grown significantly. Voyager, which was founded in 2014, had only 10,000 users but earned more than $87,000 in 2019.

    In the 2020 fiscal year, the company grew to over 86,000 user accounts and $1.1 in revenue, and according to the Monday release, the Voyager’s user base grew 1,400 percent in the first six months of 2021.

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