Roger Ver launches new Bitcoin Cash trading platform

07 Jun, 2019
by Richard Allen
News
Roger Ver launches new Bitcoin Cash trading platform

Bitcoin Cash proponent and CEO of Bitcoin.com, Roger Ver recently announced the launch of Local.bitcoin.com, a Bitcoin Cash peer-to-peer trading platform. His new platform is in direct competition with Bitcoin-based LocalBitcoins.com, Coindoo reports.

The platform went live on June 4 in honor of the 30th anniversary of the Tiananmen Square protests. Users can now buy and sell BCH without any know-your-customer procedures.  

Bitcoin.com, the company behind the new OTC platform, stated that the aim of the project is to provide users with a wide range of advantages, thereby challenging other peer-to-peer marketplaces.

Roger ver provided some more info on the project, stating that his main aim was to create an “exchange platform that allows its users to keep their personal details private while engaging in peer-to-peer trading.”

“Privacy is important to everyone. But, all too often, platforms ask you to share every single detail about yourself before they even let you create an account.,” he said. “It’s off-putting and, ultimately, it goes against the grain of being permissionless.”

While its main competitor, localbitcoins.com charges 1% for a transaction, Ver’s platform charges 0.25% for makers and 0.75% for takers. Additionally, users are also able to make use of the platform’s referral program, allowing them to earn 20% of future trading fees with referral accounts.

“Over 7,500 accounts had already been created and there are more than 2,000 active offers on the platform since it launched,” Ver said.

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