Robinhood will have a competitor: The founder of Uber launches a crypto exchange with zero commissions

Voyager, a startup, supported by the co-founder of Uber, will become a new crypto exchange, providing the opportunity to conduct trading operations without commissions.

The exchange will function as a kind of mechanism for aggregating crypto-currency prices on more than a dozen trading floors, allowing customers to buy and sell Bitcoin and other digital assets at the best price available to them.

Initially, 15 crypts will be presented on Voyager, including Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ethereum Classic. The company also plans to add assets not available on most major US platforms, for example, Ripple and Stellar.

Refusing commission fees, "bread and butter" for most companies, Voyager expects to become the main competitor of the trading application Robinhood, which currently provides trading five crypto-currencies without commissions.
With simultaneous connection to 10 exchangers plus three additional market makers, including those based in the US and abroad, Voyager believes that it will be able to consistently execute orders for the purchase and sale of crypto-currencies at more favorable prices than at Coinbase or Binance.
Among the co-founders of the start-up Oscar Salazar, co-founder and chief technical officer of Uber. In the new project, he has been assigned the roles of chief technical consultant and investor. Gaspar de Drouzi, CPO (chief product officer) in Voyager, and chairman of the board Philip Eitan, an early investor in Uber, are also co-founders.

Voyager will start beta testing this week, and a mobile application for traders will appear in late October. The startup also plans to offer additional services for hedge funds and institutional investors, as well as launch news and analysis services in its mobile application to help permanent investors make decisions about buying and selling.