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Azbit Exchange Gets Roger Ver As Its New Advisor
Bitcoin.com’s CEO, Roger Ver recently announced that he had already initiated plans to launch a cryptocurrency exchange. On October 14, 2018, Roger Ver and his friend Mate Tokay, who also happens to be the COO of Bitcoin.com released an announcement indicating that they would be joining Azbit exchange as part of the advisory team.
With this announcement, many in the cryptocurrency community have been left wondering whether Azbit exchange is similar to the exchange that Roger Ver had in mind.
Azbit Exchange
Azbit is a FinTech startup that also happens to be part of a very big platform. It is estimated that the exchange is around eighty percent ready. It also comes at a time when Roger has clearly indicated that he wants to open his own exchange.
Roger becoming a part of the advisory team at Azbit can be viewed in the form of two very experienced hands that have come together to unite and work with each other. Roger has in the last few years become very influential across the world, especially when it comes to crypto-related matters.
On Azbit exchange, Roger is on record stating that the exchange possesses everything that is required for one to perform a successful launch. It has a strong team, a payment institution license, a strong team, and most importantly, it can introduce something new to the crypto finance world.
Roger Ver
In the past, he has worked as an advisor for at least four startups that were launching their initial coin offerings. All these offerings have gone on to increase their market capitalizations after recording successful ICOs. The Azbit project is, therefore, expected to become an influencer in the crypto world.
In its crowdfunding campaign, the project announced that it would be issuing tokenized shares. Currently, Azbit AG has been registered in Switzerland and has been certified to issue shares. The project is expected to introduce an investment platform later this year.
The platform will make it possible for its users to participate in what is being referred to as social copy trading. It is a platform that will help in laying a path for investors that are looking to place their assets in the hands of experienced and proven traders.
An earlier report released by BC focus noted that there was a controversy that erupted when Roger made known his intentions to shift allegiance from Bitcoin to BTC (Bitcoin Cash). Latest reports indicate that Roger is currently in the process of recruiting a financier for the exchange. He may, however, choose to build the platform internally if the financing option fails to pan out.
He is quoted saying that if the platform is built internally, it would provide them with a unique opportunity to build it at really affordable rates. It would also mean that they would get to build the kind of exchange that they were looking to get. The downside to this option is that they currently do not possess the capabilities of an exchange that has already been battle-tested.
Disclaimer
The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.