American cryptocurrency buying and selling platform Voyager Digital introduced Monday, August 2, the acquisition of Coinify a safe online platform that provides a straightforward approach to purchase and promote digital currencies.

The acquisition can be carried out within the type of a share buy. Voyager Digital will subject 5.1 million Voyager shares and $15 million in money for Coinify traders.

This time, it goals to combine Coinify’s world service system within the cost subject to pay instantly from their digital asset accounts rapidly, enter the business-to-business cost subject, and speed up Voyager’s worldwide enlargement.

Underneath the inventory code “VYGVF”, Voyager Digital was buying and selling at $13.74, and 5.1 million Voyager shares are valued at roughly $70 million at the time of launch. Voyager will retain $5.5 million in money on Coinify’s stability sheet and virtually all current Coinify staff.

The CEO and Co-Founding father of Voyager, Stephen Ehrlich, mentioned that:

“Because the adoption of cryptocurrency funds positive factors momentum, the acquisition of Coinify brings a worldwide cost infrastructure to Voyager’s digital asset ecosystem and can give our quickly rising buyer base of over 1.75 million customers a quick, simple, and safe solution to make funds from their Voyager accounts.”

Voyager mentioned that because of the improvement of the high-growth consumer base—a rise of greater than 1400% within the first half of this yr, offering prospects with cost choices is an indispensable situation for the corporate’s subsequent improvement.