Commission-free cryptocurrency trading market is booming. New startups are exploring the idea of zero-fee trading platforms where trading charges won’t be levied from traders.

Right behind Robinhood, Voyager, a startup announced its plans on Wednesday to host trading of at least 15 different cryptocurrencies, including Bitcoin and Ethereum for zero fees.

The company will aggregate cryptocurrency prices from over a dozen trading venues. This will let customers trade the digital assets by choosing the best value from among the trading venues. Voyager hopes to compete with Robinhood, a stock trading app which hosts five cryptocurrencies with zero trading fee.

“We saw an opportunity to build a dynamic smart order router that can take advantage of the marketplace and also offer customers no commissions,” said Voyager CEO, Stephen Ehrlich.

When asked about the revenue of the company he said revenue will be earned “by beating the average price of the coins at the point in time we execute the trade.”  Ehrlich is the former CEO and founder of Lightspeed Financial, a retail brokerage.

He also previously headed the professional trading arm of the online stock broker E*Trade. Ehrlich, a crypto enthusiast plans to help both individual and professional investors in the cryptocurrency market.

See Also: Robinhood strives to “unquestionably” become a leading crypto platform

Along with Ehrlich, Voyager is co-founded by Uber’s CTO, Oscar Salazar. Salazar will serve as the main tech advisor of the company. Gaspard de Dreuzy, Voyager’s chief product officer, and board chairman Philip Eytan, an early Uber investor, are also among the co-founders of Voyage.

Ehrlich said that the company could only raise significant capital from friends and family.

“Sometimes you go to trade on a certain exchange, but there’s no liquidity there,” said Ehrlich.

Voyager will showcase prices from 10 different cryptocurrency exchanges and three additional market makers from across the world. The company believes that this will enable the customers to buy and sell stocks at better prices. This is a much better option than the practice of visiting just one exchange for trading.  

According to Fortune, Voyager intends to release its zero fee trading app by the end of October. It also aims to provide cryptocurrency news and analysis features in the app to help the buying and selling decisions of the traders. It also plans to add an additional functionality for hedge funds for institutional investors.

According to Tenev, the CEO of Robinhood commission fees are a thing of the past. It held importance during the time of electronic trading but no longer has a place in the modern broker world where brokerage expenses only include operation and maintenance of data centers, networks, and infrastructure.

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