Bitcoin.com to Launch Crypto Exchange Next Month

Roger Ver-led Bitcoin.com this Thursday announced that it would launch a cryptocurrency trading platform on September 2.

The exchange is aiming to offer a user-friendly trading service, along with high Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term, the announcement detailed.

Though the platform did not specify the exact number of coins lined for listing, it will provide trading options with popular base currencies including Bitcoin, Bitcoin Cash, Ether, and Tether.

Commenting on the upcoming exchange, Roger Ver, chief executive of Bitcoin.com, said: “We're always working to make Bitcoin Cash and other digital assets more accessible to everyone. Back in June, we released Local.Bitcoin.com where you can buy and sell Bitcoin Cash specifically. Now, with The Bitcoin.com Exchange, you can diversify your cryptocurrency portfolio, too.”

Promoting Bitcoin Cash services

The upcoming exchange will also promote the adoption of Bitcoin Cash and will support tokens based on simple ledger protocol (SLP). Traders on the platform will also be able to trade SLP-based tokens.

“We're on the cusp of something very exciting with SLP tokens. It's the beginning of a world where we can tokenize anything and, as people realize the potential this holds, they're going to start demanding a place to trade their tokens. That's why we'll be supporting SLP tokens on The Bitcoin.com Exchange,” Ver added.

Ver created Bitcoin Cash after a controversial split of Bitcoin’s Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Read this Term. A section of the Bitcoin community was in favor of increasing the block size of Bitcoin’s blockchain to increase its efficiency, another opposed it, citing philosophical reasons. Since then, Ver became a proponent of Bitcoin Cash.

“Bitcoin.com has been around the space for many years now and we hope that the quality products we've already built—our wallet, our merchant app, and so on—help to reassure users and remind them that we're an established brand they can trust,” he added.

As crypto prices are rebounding since April, many prominent crypto-related businesses are diving into exchange business. Most recently, leading Bitcoin wallet platform Blockchain.com launched a fiat-to-crypto exchange, thus expanding its offerings.