Voyager crypto broker set to open to Europe after LGO merger

Crypto broker Voyager has teamed up with LGO, a European digital asset exchange focused on institutions.

"LGO and Voyager will merge their services and offering under the Voyager brand, to offer a premium experience to retail cryptocurrency investors, in the US and in Europe," LGO CEO Hugo Renaudin told Cointelegraph.

"European clients will be able to access the Voyager app using the LGO regulatory setup in Europe, and both LGO and VGX tokens will be merged into a new token."

As a crypto broker, Voyager facilitates trades for customers through its platform.

Formerly only allowing U.S. customers, Voyager now looks to expand its coverage to Europe's retail citizens following the merger.

European customers will have the same access to the Voyager platform as U.S. clients, Renaudin said, "Pending regulatory approval from the French and European regulators."

LGO stands as a sizable institutions-focused crypto exchange.

As part of the merger, LGO will discontinue its dedicated institutional exchange on October 31, 2020 and transfer its assets to Voyager by the end of 2020.

"LGO will operate under the Voyager brand, so we will mostly focus on retail," Renaudin explained.

Voyager and LGO each have their own native crypto assets: VGX and LGO. As part of the merger, Voyager will phase out these tokens and replace them with a single fresh asset expected to hit the market before 2021.