Roger Ver plans to launch his own crypto exchange

Roger Ver plans to launch his own crypto exchange

Roger Ver believes that launching your own cryptocurrency exchange platform is a good idea. Exact details are still scarce, but the multimillionaire said his crypto platform will launch directly on Bitcoin.com.

In the interview, the man known as Bitcoin Jesus and Bitcoin Judas (depending on which side of the August fork the user is on) mentioned plans to launch his own cryptocurrency exchange, but did not reveal information about what it would ultimately look like.

Roger Ver heads Bitcoin.com, a resource that provides crypto wallet services, developer tools and other features with more than just a bias towards Bitcoin. Placing a new platform on Bitcoin.com is quite logical and will attract “tens of thousands of new users,” according to the CEO.

Most likely, the base currency on the platform will be Bitcoin Cash. However, Roger Ver has not yet clarified whether he hopes for the platform to completely move away from the current dominant digital asset, Bitcoin.

Given its access to a steady flow of traffic, it is a foregone conclusion that the new exchange will be a financially profitable venture. However, knowing Ver's financial status as a multi-millionaire, money is unlikely to be the reason for such a move into the exchange business.

It is much more likely that he hopes that his position on Bitcoin.com will help promote and popularize Bitcoin Cash among thousands of potential users and influence the reduction of the cryptocurrency industry's dependence on Bitcoin (BTC).

The idea is still in the contemplation stage. Roger is not even sure whether he prefers to develop a completely new platform for crypto assets or buy the rights to use from an already operating and reputable exchange. Both options have different pros and cons, according to Vera.


You May Also Like

02018-10-10

Poloniex simplifies crypto trading using smartphones

Cryptocurrency exchange Poloniex has launched a new application for iOS and Android systems that allows you to trade with just a few clicks.

Stock
02018-11-20

Huobi creates a new committee to work with the Chinese Communist Party

The Huobi Group has established a Communist Party cell in one of its subsidiaries in Beijing. The group that owns the Huobi exchange announced on its website on November 16 that it is “necessary to implement” the principles and policies of the Communist Party into private companies. The move, which is a first of its kind for the Chinese cryptocurrency space, is also aimed at gaining party support for the platform's business in the country.

Stock, Regulation

Latest articles from Stock category

Fresh video on our Channel