Cryptocurrency platform Voyager Digital has been granted an official licensing approval from French regulatory bodies Autorité des marchés financiers and the Autorité de contrôle prudentiel et de résolution to facilitate a trading platform of 60 digital assets in the French and European Union markets under the subsidiary LGO Europe SAS.
Voyager, a United States-based, Canadian-listed company under ticker symbol VYGR.V, is reportedly the first organization outside of Europe to be designated a “Fit and Proper” approval status of this kind.
In early August, Voyager penned an agreement with crypto payments firm Coinify at an estimated value of $85 million with the ambition of expanding its financial offering to global cross-border payments.
Mirroring the announcement, the firm has been developing its mobile trading application, a service expected to launch in a select number of European countries in the latter half of the first quarter of 2022. Voyager chief international officer Lewis Bateman said:
"We have a long waiting list of European customers who are looking forward to the launch of our app. The crypto economy is global and we are excited about the prospect of servicing these customers and delivering the Voyager quality access to a broader customer segment.”
Analytical data from Cointelegraph Markets Pro and TradingView reveals that the Voyager Token (VGX) price has increased modestly — 13.22% across the last seven days to $2.57 — following an insidious decline across the last month in the wake of a bullish surge to $6.50 in mid-August.