Roger Ver, Bitcoin.com owner announced in the latest crypto news that he is considering launching a crypto exchange. This exchange will use Bitcoin Cash as the base currency.
Roger Ver is also popular in the crypto space for his nickname ‘’Bitcoin Jesus’’ because he expressed his support for the number one cryptocurrency in the earliest days. He pointed out:
“If we build it ourselves, we can do it really, really cheap, and we get exactly what we want. But we don’t have the security of a battle-tested exchange that’s been around for a while.”
Ver explained that this is only an idea and it’s still in the early stages because he hasn’t made up his mind whether he wants to build it internally from ground zero or plan b, find an already running platform.
The plan is to set the exchange at Bitcoin.com since it already has a mining pool and a wallet that of course, supports Bitcoin Cash and Bitcoin as well. There was some controversy about Bitcoin.com silently updating the wallet and making Bitcoin cash the default choice and this, according to critics, can be very confusing to new users who will visit the site.
If the exchange is hosted there, Bitcoin.com will provide instant liquidity to the platform because of its popularity. But, it’s still uncertain how will users accept bitcoin cash as a base currency since they are not used to finding it on other exchanges very easily.
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There is currently one exchange, according to CoinMarketCap that offers BCH denominated markets but the volumes aren’t really a great sign for trader interest since its relatively low.
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