Crypto-nugget trading firm Voyager Digital has announced fiscal results for the first 3 months of 2022 — the third quarter of its fiscal year — and they are impressive.

The retail crypto trading and yield platform reported another record quarter, with momentum standing into the current quarter. Total revenue for the catamenia came in at $60.4 one thousand thousand, a more than 16x increment from $iii.6 1000000 over the previous quarter.

The visitor ended the quarter with an operating profit of $30 million and an adjusted working upper-case letter of $197 meg. It was the business firm's first-always quarter of operating profit, Voyager said in an announcement.

Trading volumes have also surged in 2022, leading to a massive acquirement heave for the firm. The company's third quarter saw $5 billion of principal volume traded compared with $350 1000000 of master value traded in the previous quarter.

Newly funded accounts in May take already surpassed the whole month of April, with currently 1.6 million verified users, co-ordinate to Nasdaq.

Voyager's CEO and co-founder, Steve Ehrlich, stated that the platform's leading altcoin and involvement-yielding asset offerings have gained significant market share.

"Our focus on a wide range of coins has contributed to a long-term economical model with fiscal tertiary-quarter operating margins increasing to 50%. Given our success to date, nosotros conceptualize that our operating margin should continue to scale in time to come periods."

The Voyager app currently supports the trading of over 50 crypto assets. Ehrlich added that the platform saw exponential adoption of cryptocurrencies equally a recognized, investable asset class in March, which translated into significant growth for Voyager.

During the first three months of 2022, Voyager continued to make significant upgrades to its systems infrastructure and staff, with a focus on platform security, scalability and customer support.

Earlier this year, Voyager'southward native token, Voyager Token (VGX), saw explosive growth following a number of mergers and acquisitions for the Canadian company. At the fourth dimension of writing, Voyager Token was trading flat on the day at $2.54 but had lost 23.4% over the past vii days in the marketplace slump.