Alameda Research Pumps $75M Funding Into Voyager Digital

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Cryptocurrency dealer Voyager Digital has obtained a $75 million funding from buying and selling agency Alameda Research.

  • The funding will probably be used for development, Voyager Digital (TSX: VOYG) mentioned Thursday. Shares of the corporate soared 39% in Toronto.
  • Voyager Digital and Alameda plan to faucet into alternatives in non-fungible tokens (NFT) and crypto derivatives in addition to work along with lawmakers on shaping regulation.
  • “Through our strategic partnership, we believe there are endless mutually beneficial opportunities to grow both our businesses,” mentioned Caroline Ellison, the co-CEO of Alameda.
  • Alameda Research was launched by crypto billionaire Sam Bankman-Fried who introduced Oct. 12 he was taking a step again to make room for co-CEOs Ellison and Sam Trabucco.
  • Currently, Alameda Research trades over $5 billion a day throughout 1000’s of merchandise together with cryptocurrencies, altcoins and their derivatives.
  • Voyager Digital will concern some 7.7 million shares to Alameda, giving it a stake of greater than 4%.

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

UPDATE (OCT. 29, 13:27 UTC): Updates with closing share transfer in first bullet, provides Alameda stake in last bullet.