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Bitcoin.com Exchange To Be Launched At The Beginning Of September

Bitcoin.com Exchange To Be Launched At The Beginning Of September

The blockchain and cryptocurrency industry is one of the fastest-growing sectors in the world. Public interest in digital assets continues to grow, and more people are taking up crypto trading.

One of the leaders in the industry, Bitcoin.com, has announced that they will be launching a cryptocurrency trading platform on the 2nd of September. The announcement was made this Thursday and traders can expect to receive user-friendly trading service along with high liquidity according to the announcement.

During the announcement, Bitcoin.com did not offer specific details about the number of coins which will be listed on the trading platform. What is known is that traders will be offered different trading options with popular base currencies, including Bitcoin, Bitcoin Cash, Ether, and Tether. Bitcoin.com will be looking towards developing one of the best cryptocurrency exchanges in the industry.

Roger Ver, Chief Executive of Bitcoin.com, said that they are continually working to make Bitcoin Cash and other digital assets more accessible to the general public. In June, Bitcoin.com launched Local.Bitcoin.com which allows users to buy and sell Bitcoin Cash. Now, the company is releasing an exchange to allow it’s clients to diversify their portfolios.

Bitcoin Cash

Bitcoin.com is one of the most famous supporters of Bitcoin Cash, and through this new exchange, Ver’s company will be aiming to promote the adoption of Bitcoin Cash. The new exchange will support tokens using a simple ledger protocol (SLP). The SLP based tokens will be availed to all traders on the platform.

Ver said that they are on the verge of something exciting with SLP token as they create the possibility of tokenizing anything. As more people realize the potential held by SLP tokens, they will start demanding a place to trade their tokens. It is because of the reason that Bitcoin.com Exchange will be supporting SLP tokens added the Chief Executive.

The origins of Bitcoin.com and Bitcoin Cash

Bitcoin Cash came about after a controversial split from the Bitcoin Exchange. Some members of the Bitcoin community wanted to increase the block size of Bitcoin’s blockchain. Creating bigger blocks would increase the blockchain’s efficiency but a section of the community opposed this idea, citing philosophical reasons. From that point onwards, Ver became the face of Bitcoin Cash and the main proponent the version of Bitcoin.

Speaking on his brand, Ver said that Bitcoin.com has been around for many years to date and they hope that the quality of the products they have already built such as the Bitcoin Cash wallet and merchant app will help reassure and remind customers that the brand is established and can be trusted. Investors can buy Bitcoin Cash and be assured that their investment is safe.

The Growth Of Crypto Trading

A number of established crypto businesses are making moves into the exchange business as crypto trading becomes more widespread. Rising crypto prices have attracted more people to Bitcoin trading and it’s no surprise that crypto related businesses want a piece of the pie.

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      A journalist, with experience in web journalism and marketing. Ali holds a master's degree in finance and enjoys writing about cryptocurrencies and fintech. Ali’s work has been published on a number of cryptocurrency publications.