Bitcoin.com today announced the launch of its crypto exchange. To profile itself in an already crowded marketplace, this offers 0.3 percent negative trading fees.
Bitcoin.com had been working on the cryptocurrency exchange project last year. Danmark Chaudhry, managing director of the stock exchange, hopes to compete with larger and established exchanges like Coinbase and Binance by providing their base. “Bitcoin.com is one of the industry’s most trusted brands,” he said.
Bitcoin.com is certainly an obvious first stop for many newcomers who want to learn about the leading cryptocurrency due to the domain name. However, in the past it has been criticized for allegedly attempting to mislead new entrants that Bitcoin Cash is Bitcoin.
To attract traders to the new platform, the stock exchange will offer a range of promotional offerings for the next three months, including a “negative” trading fee of 0.3 percent, which means that traders will spend money on executing each trades on the market To earn a platform. This is until a trader reaches a $ 1 million cumulative trade.
In addition, pre-registered members receive 25 percent of future transaction fees. All promotional offers are valid until December 2, 2019.
The newly launched Exchange offers digital currency trading options against four major non-flat base currencies – Bitcoin, Bitcoin Cash, Ether and Tether. Stock quotes include Ripples XRP, Litecoin, EOS, Tron, Stellar, Dash and Zcash. The stock market also aims to add more crypto assets in the coming months.
Although new to the trading business, Bitcoin.com is one of the best known names in the crypt industry. Led by Roger Ver, the promoter of the platform, Bitcoin forked Bitcoin in 2017 to create Bitcoin Cash with a higher 4Mb block size.
In addition to the crypto exchange, Bitcoin.com also offers a peer-to-peer trading platform for Bitcoin Cash and one of the most popular mobile wallets for Bitcoin and Bitcoin Cash.