Voyager Digital CEO says we're still in the early stages of crypto adoption

Voyager Digital (OTCQX:VYGVF) CEO Stephen Ehrlich highlights the company's exponential growth in funded accounts as it's still "in the early stages of crypto adoption," he said at Oppenheimer's Blockchain & Digital Assets Summit. Like most crypto-related stocks, VYGVF dips 6.9% intra-day as Bitcoin (BTC-USD) slides 4%. Ehrlich attributes the company's customer acquisition success and high engagement rate to its customer referral program. In the meantime, he says "a tremendous amount of people" have already signed up for the recently introduced crypto-based debit Mastercard that will pay up to 9% annual rewards to customers. The company will move into credit card services in 2022, he adds. On crypto regulation, Ehrlich says the regulatory framework on the crypto space varies throughout the world. He likes Coinbase Global's (NASDAQ:COIN) regulatory proposals, though he would like to see more clarity from policy makers on the broader crypto market. Previously, (Nov. 10) Voyager Digital exceeds 1M funded accounts.