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Unsurprisingly, Bitcoin.com, a company that provides news and data on bitcoin money and bitcoin, is now opening its new cryptocurrency exchange to the public.
To entice traders to the platform, for the next three months, the exchange is offering a variety of promotional benefits, including “negative 0.3 percent trading fees,” in which traders can earn money back on all transactions. Traders who pre-registered get 25 percent off future transaction fees.
Danish Chaudhry, managing director of the exchange, told Decrypt that Bitcoin.com, which has been working on the project for a year, is hoping to compete against the bigger, more established exchanges, such as Coinbase and Binance by catering to its base. “Bitcoin.com is one of the most trusted brands in the industry,” he said.
The existing incarnation of the site introduced through Roger Ver in June 2015 to provide data available on the Bitcoin platform. See then led a debatable fork from bitcoin to bitcoin cash, which the site is also known to defend.
Bitcoin.com would be based in St. Kitts and Nevis, West Indies. The new exchange will cover several key trading pairs consisting of bitcoin (BTC), Ethereum (ETH), bitcoin money (BCH) and solid currency Tether (USDT). Other portions indexed at launch are Ripple (XRP), Litecoin (LTC), EOS (EOS), Tron (TRX), Stellar (XLM), Dash and Zmoney (ZEC). Chaudhry said more portions would be added over time. .
“We’ve already had a network reception with over 11,000 pre-registrations,” he said. “Cryptocurrencies are about accessibility to the monetary system. Our project is to make cryptography usable for everyone.”
Chaudhry said the negative repayment procedure of 0.3% will inspire newcomers to “charge for trading.” The promotion with negative rates is valid for up to $1 million of transactions accrued according to the account. “(If it is a whale, the promotion is also up to $1 billion in cumulative exchanges on inventory exchange Bitcoin.com. The promotion consistent with the period will last until December 2, 2019.
He said inventory sharing also features high-end security features, bloodless garage options, institutional encryption, and two-factor authentication.
Bitcoin.com has slowly expanded beyond the undeniable news and data site. It introduced a mobile wallet for Bitcoin and Bitcoin Cash in August 2017, which the company says has been downloaded more than 2 million times. And in June, it introduced a peer-to-peer bitcoin money trading platform.