Bitcoin.com Portal Launches Crypto Exchange with $10,000+ Prize Pool

Libra Coin News
Mon, 09/02/2019 - 07:44
Yuri Molchan
A crypto news portal Bitcoin.com has launched its own crypto exchange, offering customers with 25% discounts on deals and a prize pool of over $10,000
Cover image via 123rf.com
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The Bitcoin.com crypto news portal that also offers its readers a digital wallet has launched its own crypto trading platform

New customers are offered 25-percent discounts on all trading fees during the first three months of operating and they get a chance to win over $10,000 in prizes.

Bitcoin.com is expanding its service kit

The Bitcoin.com website was initially launched by Roger Ver in 2015, who was bearing the name ‘Bitcoin Jesus’ back then, to inform the community about Bitcoin news. Later on, Ver shifted to supporting the hard fork of BTC – Bitcoin Cash.

The new player in the crypto trading market is to start with offering customers just a few crypto pairs so far and they consist of Bitcoin, Bitcoin Cash, Ethereum, Litecoin, XRP and the USDT stablecoin.

Image by https://exchange.bitcoin.com/ 

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Bitcoin Co. Ltd. (BX.in.th) exchange shuts down

While new players keep emerging, some of old ones are shutting down, unable to compete with bigger rivals. The Thai-based crypto trading platform Bitcoin Co. Ltd has publicized its plans to discontinue work ‘to focus on other business opportunities’.

The official announcement updated on September 2 says that all trading operations on the exchange will halt after September 30.

Deposits are to be disabled on September 6. The company urges its customers to take all their funds off the exchange before November 1.

Therefore, the exchange does not intent to have its Digital Asset Exchange license prolonged for next year.

Despite the plans to close deposits soon, earlier today five mln XRP was transferred to the exchange, as reported by the @XRPL_Monitor account on Twitter.

About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.