Alameda Research Pumps $75M Funding Into Voyager Digital

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

The investment will be used for growth opportunities, Voyager Digital (TSX: VOYG), said Thursday. Shares of the company soared 17% as of 10:20 a.m. in Toronto.The firms will tap opportunities in non fungible tokens (NFTs) and crypto derivatives and 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, 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 two 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.

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

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