Exchanges

Roger Ver to launch crypto exchange on Bitcoin.com

Bitcoin Cash head honcho Roger Ver will spearhead the launch of a cryptocurrency exchange that will go live on Bitcoin.com on September 2, according to a press release shared with Coin Rivet.

The exchange will include integration of a Bitcoin.com wallet, which will support Bitcoin Cash, Bitcoin, Ethereum, Ripple, Litecoin, and Binance Coin.

There is also a feature that allows users to purchase Bitcoin and Bitcoin Cash with their credit card, as well as a peer-to-peer element that lets users trade Bitcoin Cash locally without KYC.

According to the registered address on the website, the exchange will be based in Saint Kitts and Nevis, which is overseen by the FSRC Regulatory Commission.

The omission of any form of KYC procedure for the peer-to-peer element of the exchange is a maverick approach form Roger Ver’s team, especially in light of LocalBitcoins’ recent decision to remove cash listings while implementing strict KYC and AML protocols.

Upon launch, Bitcoin.com will be awarding early adopters of the exchange with prize draws and giveaways.

The prizes will include “negative 0.3% trading fees for the first three months (on up to $1,000,000 in trades)” and “25% off trading fees for pre-registering”.

There will also be $10,000 in Bitcoin Cash given away to one lucky user who has pre-registered and participated in trading upon launch.

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Oliver Knight

Londoner ‘Ollie’ graduated from Birmingham City University with a journalism degree in 2016. He combines his writing with his love of crypto and blockchain here at Coin Rivet, saying “It disrupts well-established institutions (banks) while giving an avenue to the less fortunate to achieve financial freedom.” Like all true Londoners, his pet hate is… “People standing on the left-hand side of the escalators on the Tube!”.