Roger Ver also known as ‘Bitcoin Jesus’ is considering to start his own cryptocurrency exchange according to an interview with Bloomberg in Malta.
He hinted about partnering up with an exchange when he said-
“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.”
It does not come off as much of a surprise that the base currency of this exchange will be Bitcoin Cash. Roger Ver switched communities from Bitcoin to Bitcoin Cash last year with heavy involvement in the hardfork of Bitcoin.
Bitcoin.com belongs to Bitcoin Cash, and thus Roger Ver hopes to implement the exchange on the website. Bitcoin.com is already popular amongst the cryptocurrency community with its mining pools for both Bitcoin, and Bitcoin Cash. Hence it will help drive traffic to the planned exchange.
Roger Ver is seen to face a lot of criticism ever since he switched sides last year. His recent tweet however still signifies his reasoning of supporting Bitcoin Cash.
— Roger Ver (@rogerkver) October 9, 2018
If an exchange does result, it may not fare as well as the current scenario given the stats from Chainanalysis. Chainanalysis earlier in the year showed that Bitcoin Cash had not fared as well in being an option for retail payments. Only $3.7 million in Bitcoin Cash payments were made in May 2018 which was a significant fall from the $10.5 million in March which was an all-time high. Bitcoin, on the other hand, had a staggering $60 million in May 2018 which still is nothing compared to September 2017 figures of a whopping $412 million.
Also according to Alexa.com, Bitcoin.com has lost a lot of attention. In the second half of the year compared to the first six months of 2018. Overall Bitcoin Cash is ranked 4th with a price of $510.02 with a market capitalisation of $8,871,766,683 at the time of writing.
Image Source – Flicr
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