Crypto broker Voyager Digital has secured $75 million from Sam Bankman-Fried’s Alameda Research

The cryptocurrency broker Voyager Digital secured $75 million from Alameda Research, Sam Bankman-Fried’s venture firm. The parties stressed that the investment is strategic.

According to the press release, since Alameda Research is one of the largest market makers and uses sophisticated market-neutral trading algorithms, it “is a perfect fit” as a lending partner for Voyager Digital. The deal will also allow the broker to expand its rewards program.

“Alameda is one of the largest market makers in the crypto market; we believe that working together opens up significant opportunities. Our near-term plans relate to order flows and asset management. Future opportunities include non-fungible tokens and offering crypto derivatives through Alameda,” said the broker’s CEO and co-founder Steve Ehrlich.

On October 27, Voyager Digital also announced the signing of a five-year partnership with billionaire Mark Cuban’s Dallas Mavericks.

We are proud to announce the official cryptocurrency brokerage of the Dallas Mavericks,

Head to https://t.co/lxZloF054k at 4pm CT to tune in to a special press conference with @mcuban and @investvoyager CEO, @ehrls15. #MFFL pic.twitter.com/6sdWJ8O7oT

— Dallas Mavericks (@dallasmavs) October 27, 2021

Voyager Digital became “the official cryptocurrency broker and international partner” of the team. As part of the collaboration, the parties will work on educational and public programs, as well as marketing campaigns.

In August, Voyager Digital announced the acquisition of the payments company Coinify for $84 million.

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