Voyager’s partnership with Coinbase and CNHC Group gets them closer to expanding their market in Australia

03/15/2023 13:00 • NFT Newsflash • 139 views

12:00-21:00 Keywords: Voyager, Coinbase, CNHC Group, Australia

Overview of important developments on the evening of March 15th

Analysis based on this information:

Voyager, a cryptocurrency trading platform, announced a strategic partnership with Coinbase and the CNHC Group on July 20. The collaboration aims to expand Voyager’s market reach in Australia, one of the world’s leading cryptocurrency trading hubs.

The announcement was made on Twitter by Voyager CEO Steve Ehrlich, who stated that the partnership would give Voyager access to Coinbase’s deep liquidity pool. The CNHC Group will facilitate the partnership by providing regulatory guidance and compliance services to ensure that the joint venture operates within the bounds of Australian law.

The partnership is expected to have a significant impact on Voyager’s growth in the Australian market. Voyager has already established a base in Australia, and this collaboration could significantly increase its market reach. With Coinbase’s liquidity pool, Voyager can offer its users more cryptocurrency trading options, and access a wider range of investors and trading institutions.

Voyager has been expanding rapidly in recent years. In 2020, the platform acquired two leading crypto trading firms, Circle Invest and Ethos.io. These acquisitions enabled it to offer more trading options and expand its portfolio management tools.

Australia is a rapidly-growing market for cryptocurrency trading, and many businesses are looking to establish a foothold in the country. The Australian Securities and Investments Commission (ASIC) recently granted its first crypto-focussed financial services licence, opening doors for more cryptocurrency-based services in the country.

This is a significant development as over the past few years there has been a shift in interest from traditional financial institutions like banks to cryptocurrencies. Trading in digital currencies have become increasingly popular and the trend is expected to continue in the coming years.

To conclude, Voyager’s partnership with Coinbase and CNHC Group is a significant move that will likely impact its growth in the Australian market. The joint venture will give Voyager access to Coinbase’s deep liquidity pool, which will increase its market reach significantly. With regulatory guidance and compliance services provided by CNHC Group, the collaboration will operate within the bounds of Australian law. As cryptocurrencies continue to gain momentum, more companies are expected to establish a foothold in the Australian market, making it an exciting opportunity for businesses to expand their market reach.

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Voyager’s partnership with Coinbase and CNHC Group gets them closer to expanding their market in Australia

Overview of important developments on the evening of March 15th

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