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Voyager Digital Reports 75% Revenue Rise in Q4, Cites Increased Crypto Adoption

The Canadian crypto broker said its revenue growth was due to the growing adoption of cryptocurrency.

Mise à jour 9 mai 2023, 3:14 a.m. Publié 5 janv. 2021, 2:19 p.m. Traduit par IA
Voyager founder and CEO Steve Ehrlich (right)
Voyager founder and CEO Steve Ehrlich (right)

Cryptocurrency broker Voyager Digital (CNSX: VYGR) says its revenue for Q4 2020 is expected to reach around $3.5 million, an increase of 75% from the previous quarter.

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  • In an announcement Tuesday, the Canada-listed firm said the increase is also up 3,877% from the fourth quarter of 2019.
  • Voyager further reported a December revenue run rate of over $20 million, compared to $200,000 in December 2019. A run rate is estimated revenue extrapolated from available figures.
  • Assets have continued to grow, Voyager said, increasing over three times from the September quarter to over $265 million in early January.
  • “As widespread adoption of cryptocurrency grew in the latter part of 2020, we have seen 2021 get off to a quick start and we are well-positioned to continue our extraordinary growth through 2021 and beyond,” said Stephen Ehrlich, co-founder and CEO of Voyager.
  • In October, Voyager moved to expand into Europe, acquiring LGO, a French cryptocurrency exchange primarily serving institutional investors.

Read more: Voyager to Pay Interest on DeFi Tokens to Gain Brokerage Clients

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KuCoin Hits Record Market Share as 2025 Volumes Outpace Crypto Market

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KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.

What to know:

  • KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
  • This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
  • Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
  • Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
  • Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.

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Tom Lee urges BitMine shareholders to approve share increase ahead of January 14 vote

Screenshot of Tom Lee on CoinDesk TV (CoinDesk)

The chairman of the former bitcoin miner-turned-ether treasury firm reiterated his view that Ethereum is the future of finance.

What to know:

  • Tom Lee, chairman of Bitmine Immersion (BMNR), urged shareholders to approve an increase in the company's authorized share count from 500 million to 50 billion.
  • Lee assured shareholders that the increase is not intended to dilute shares, but instead to enable capital raising, dealmaking, and future share splits.
  • Shareholders have until January 14 to vote on the proposal, with the annual meeting scheduled for January 15 in Las Vegas.