According to a recent report by Bloomberg, the new exchange effort is part of a plan to boost liquidity for Bitcoin Cash, while also promoting traffic to come to Bitcoin.com, which also features various wallet products and news.
Ver is currently debating the pros and cons of launching his own exchange versus partnering or acquiring an established platform.
“If we build it ourselves, we can do it really, really cheap, and we get exactly what we want,” said Ver. “But we don’t have the security of a battle-tested exchange that’s been around for a while.”
Despite it being named Bitcoin.com, Ver’s website is dedicated to the promotion of Bitcoin Cash. Ver is adamant that bringing an exchange onto the platform will further boost adoption, especially given that traffic has dropped off since the beginning of the year.
The new exchange “will be posted on Bitcoin.com so we’ll have thousands or tens of thousands of new users every single day,” he said.
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