Voyager Digital Acquires Coinify for $84M
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Voyager Digital, a cryptocurrency-focused broker, has announced the acquisition of Coinify ApS, a crypto trading and payment firm, for approximately $84 million in stock and cash. The company said in a press release that the acquisition accelerates its "international expansion and capabilities."

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"As the adoption of cryptocurrency payments gains momentum, the acquisition of Coinify brings a global payment infrastructure to Voyager's digital asset ecosystem and will give our rapidly growing customer base of over 1.75 million users a fast, easy, and secure way to make payments from their Voyager accounts," said Stephen Ehrlich, CEO and Co-Founder of Voyager.

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The acquisition comes after Voyager's user base grew by over 1400% in the first six months of 2021. As part of the acquisition, Coinify shareholders will get a total of 5,100,000 of newly issued shares of Voyager Digital Ltd. common stock and $15 million in cash.

Previously, Square announced it will buy back all the shares of Australian payments service Afterpay for its own shares for $29 billion. The deal is expected to close during the first quarter of 2022. For each Afterpay share, shareholders will receive 0.375 Square shares and the premium will be 30.6%.

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