Roger Ver is contemplating launching his very own crypto trading platform.

Bitcoin cash evangelist Roger Ver Often referred to as the “Bitcoin Jesus,” he's considering a new venture. opening his own cryptocurrency exchange.

As the head honcho at Bitcoin.com, Ver gained his revered nickname after being one of the earliest investors in Bitcoin, a digital currency now recognized globally as the leading virtual asset. Advocating for Bitcoin over the years, Ver sparked debate back in 2017 when he pivoted his support to Bitcoin Cash, a new currency that branched out from Bitcoin after a hard fork in August that year.

Read: Roger Ver Profile

During a recent conversation, the passionate cryptocurrency advocate and entrepreneur shared his vision, revealing his quest to find a collaborator who can partner with him to establish a new exchange. He hasn’t ruled out the potential of creating the exchange from scratch with in-house resources, though starting from zero remains a viable path. While outlining the company's preliminary concepts, he noted: “Constructing it ourselves could significantly cut costs, allowing us to tailor every detail to our needs, but it lacks the tried-and-tested security of long-standing exchanges.”

Expanding on this, he conveyed his intent to capitalize on the traffic his site currently attracts, with ambitions of amplifying services such as wallet functionalities and crypto news dissemination. Additionally, he's aiming to escalate bitcoin cash's adoption, a cryptocurrency he feels has faced challenges gaining momentum since its launch last summer.

How Will You Get Customers?

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This move feels expected given how Bitcoin.com, which originally defaulted users to BTC wallets and transactions,

transitioned to bitcoin cash without giving prior notice. This decision was met with criticism, with detractors suggesting it would surely sow confusion, especially among new users seeking Bitcoin information on Google, where Bitcoin.com might rank at the top yet promote a contrasting digital currency. There's talk of a possible hard split later in the year. Amidst being a prominent personality in crypto circles, Ver may run into fierce competition from existing digital exchanges that have established themselves as leaders. Coinbase, one of the major U.S. exchanges, was signing up more than 100,000 users towards the end of 2017. Meanwhile, platforms like Bitfinex and Binance, though based internationally, also present formidable challenges.

The Competition Could Be Solid

Ver says bitcoin cash Nevertheless, Ver doesn’t seem daunted. He’s

confident that the loyalty of users will stand strong, stating: customers during the bitcoin craze “The exchange will be integrated with Bitcoin.com, attracting thousands or even tens of thousands of new users daily.”

We Know What We’re Doing

He insists that hosting the exchange on his popular site will instantly provide liquidity. However, the actual demand for bitcoin cash as a principal currency remains questionable since it's not commonly used across other exchanges when compared to bigger names like Bitcoin, Ethereum, or even Litecoin. confident that current and future Indeed, CoinEx is the only significant exchange offering highly liquid markets centered on BCH, but its purported transaction fee mining model causes analysts to question the reliability of its reported trading figures, market interest, and pairs.

Currently, a single BCH is priced roughly at $515, boasting a market cap nearing $9 billion and a daily trading volume close to $382 million, ranking it as the fourth largest cryptocurrency worldwide. Despite this high stance, it was trading above $3,000 at the dawn of 2018, reflecting a loss exceeding 70% over just nine months.

Since 2014, Nick Marinoff has been detailing the world of cryptocurrency. His experience includes leading content writing and news editing for Money & Tech, crafting public relations material for Game Credits, and serving as a senior writer at both Bitcoinist and News BTC.

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