Voyager acquires crypto custody and payments platform Coinify

Voyager announced today its acquisition of Coinify ApS, a crypto trading and payment firm, according to a Monday release

Coinify was already established in over 150 countries in Europe, Asia, and the Americas. Voyager intends to bolster its international expansion, particularly into Europe, in addition to its business-to-business capabilities through acquiring Coinify.  

"The acquisition of Coinify brings a global payment infrastructure to Voyager's digital asset ecosystem and will give our rapidly growing customer base of over 1.75 million users a fast, easy, and secure way to make payments from their Voyager accounts," said Voyager co-founder and CEO Stephen Ehrlich in the statement. 

Voyager has consistently had the highest valued stock among crypto companies since the beginning of 2021, according to data compiled by The Block. The firm also experienced a more than 6,000% increase in stock price performance since February 2020. 

Voyager has experienced considerable growth in the past two years. Founded in 2014, Voyager had had only 10,000 users and earned over $87,000 in 2019, The Block previously reported

The firm grew to have over 86,000 user accounts and $1.1 in revenue in the 2020 fiscal year, and the Monday release states the Voyager’s user base continued to grow 1,400% in the first six months of 2021.