Infamous crypto insider Roger Ver could soon launch a new cryptocurrency exchange. However, this new platform would be based on Bitcoin Cash (BCH)—the Bitcoin chain that Ver supports publicly. The information was reported recently by Bloomberg.
A New Bitcoin Cash Exchange?
A new Bitcoin Cash-focused exchange could be launched in the coming months. During an interview with Bloomberg, Roger Ver said that he wants to run a crypto exchange in the near future. Ver is the CEO of Bitcoin.com and is also a strong supporter of Bitcoin Cash.
He has also claimed that it will be searching for a partner to code the platform. Moreover, he explained that they can do it in a very easy way.
On the matter, he commented:
“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.”
As it could be expected, he mentioned that BCH will be a base crypto on this platform. This is not surprising at all since Ver and Bitcoin.com have been promoting Bitcoin Cash in different ways.
Bitcoin Cash forked from the Bitcoin network back in August 2017. The decision was taken due to the fact that the Bitcoin community couldn’t find a common solution to the scalability issues. Bitcoin developers are currently working on off-chain scaling solutions while Bitcoin Cash supporters have decided to work on bigger blocks.
At the same time, Ver said that as the exchange will be promoted in Bitcoin.com it will have new users every day.
“Our exchange will be posted on Bitcoin.com so we’ll have thousands of or tens of thousands of new users every single day,” he commented.
At the moment of writing Bitcoin is the most valuable virtual currency in the market. Each coin can be bought for $6,300 dollars. At the same time, Bitcoin Cash remains as the fourth largest crypto with a market capitalization of $7.85 billion dollars.
Want to learn more about the difference between Bitcoin and Bitcoin cash? Check out our guide here.
Carlos is an international relations’ analyst specializing in cryptocurrencies and blockchain technology. Since 2017, Carlos has written extensively for UseTheBitcoin and other leading cryptocurrency sites; with over 2,000 articles published.