Tanya Abrosimova
Independent Analyst
- Bitcoin.com announced the launch of the proprietary P2P cryptocurrency exchange.
- Roger Ver is no longer a CEO of Bitcoin.com.
- BCH/USD recovers ground following the announcement.
Bitcoin.com launches its own P2P cryptocurrency exchange in September. According to the announcement displayed on the website of the project, the trading platform will go live in 29-day s from now.
The trading platform will supplement the list of other services offered by the company - cryptocurrency wallet, media outlet and crypto casino. Bitcoin.com launches the exchange with the aim to support BCH and other altcoins adoption.
Initially, the platform will support several popular cryptocurrencies with large market value, like Bitcoin (BTC), Litecoin (LTC), Ethereum (ETH), and Simple Ledger Protocol (SLP) launched on Bitcoin Cash protocol. Traders will be able to choose from 50 trading pairs.
Roger Ver believes that that SLP tokens have great potential because of their versatility.
In a separate announcement, Roger Ver stepped down as the Bitcoin.com CEO to the position of executive chairman.
According to the information on the Bitcoin.com website, Stefan Rust is a new CEO, who previously held the position of director of corporate and business development of the company.
“I’m hugely excited to take on the role of CEO working alongside Roger. Together we can now turbocharge the awesome team and great brand that is Bitcoin.com. We will play an integral part in making money work for everybody as society undergoes such an enormous and pivotal change. It’s going to be a wild ride, so don’t miss it,” Rust commented.
Bitcoin Cash, now the fourth digital asset with the current market value of $6 billion has gained nearly 3% in recent 24 hours. Notably, BCH/USD is changing hands at $339, having recovered from the recent low of $255 hit on July 15.
Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
Recommended Content
Editors’ Picks
Bitcoin reaches new highs near $90,000, on-chain data show chances of pullback
Bitcoin hit a new all-time high of $89,900 on Tuesday before easing to around $86,000, following a 30% surge since November 5. Technical indicators suggest the rally may be overstretched, with a potential corrective pullback ahead.
GIGA investor loses $6M to phishing scam via fake Zoom link
On Monday, a Gigachad (GIGA) investor lost $6.09 million due to a phishing attack involving a fake Zoom link. Crypto investigation firm Scam Sniffer declared the scam that led the victim to a malicious site, compromising their wallet.
Tron, Avalanche and Uniswap: Double-digit gains on the cards, technical indicators show
Tron is breaking above an ascending triangle formation on Tuesday, signaling a potential rally continuation. While AVAX and UNI are retesting their crucial support level — if supported, this suggests an upside move — all three altcoins look poised for double-digit gains as the crypto rally continues.
BNB: Bullish technical pattern validated, eyes all-time high
Binance Coin trades slightly down on Tuesday after breaking above an ascending triangle formation on the weekly chart, following a 12.5% rally last week. The technical outlook suggests a bullish breakout pattern and continuation of the rally, with a target set for a new all-time high of $825.
Bitcoin: Further upside likely after hitting new all-time high
Bitcoin hit a fresh high of $76,849 on Thursday as crypto-friendly candidate Donald Trump won the US presidential election. Institutional demand returned with the highest single-day inflow on Thursday since the ETFs’ launch in January.
Best Forex Brokers with Low Spreads
VERIFIED Low spreads are crucial for reducing trading costs. Explore top Forex brokers offering competitive spreads and high leverage. Compare options for EUR/USD, GBP/USD, USD/JPY, and Gold.