Voyager Digital Ltd. is one of the fastest growing US cryptocurrency platforms. announcedThe preliminary revenue and user metrics of the last fiscal quarter ended March 31, 2022.
Steve Ehrlich, Voyager CEO and Co-founder announced:
Voyager saw a slight increase in account growth during the quarter ending March 31, 2022. The addition of 115,000 funded accounts was slightly more than 10% compared to December 31, 20,21. This was achieved in a difficult quarter, which was based upon spot-market volume. Voyager met its goal of expanding its products during the quarter. Voyager delivered the Voyager Debit Card in the first batch, and added the Voyager desktop for a large beta audience. We are determined to position our platform as one the most trusted digital assets providers for consumers. We expect more customer growth in 2022.
3.5M verified users, $400M in new deposits
Voyager released key metrics from the previous fiscal quarter. Voyager estimates that the preliminary total revenue for this quarter will be between $100 and $105 million. This is an increase from $60.4million y/y, but a drop of $164.8 million in the quarter that ended December 31st.
The crypto platform’s total funded accounts were around 1.2 million, up from 1.075 million on December 31 and 274,000 y/y.
As of March 31, 2022 they had 3.5 million verified users, an increase of 3.2 million from December 31st last year and a million years ago.
The net amount in new deposits for the past quarter was around $395million, which is down from $1.04 trillion on December 31.
Steve Ehrlich added:
We discussed in our last earnings call that we increased our technology in 2021 to support rapid growth of mainstream crypto adoption. Now in 2022, we are delivering on our expansion of our product portfolio and will continue to release new and improved products and services.