Uber Co-founder to Launch No-Fee Exchange

Beta testing of the site will begin this week, and in October traders will have access to the mobile application of Voyager
26 July 2018   819

Voyager, a zero-fee cryptocurrency trading platform will be launched in USA. The startup is analogous to the American app Robinhood. This is reported by Fortune.

The project participants are Uber co-founder Oscar Salazar, investor of Uber Philip Eytan, and head of the retail broker Lightspeed Financial Stephen Ehrlich . The latter is the CEO of the startup.

We saw an opportunity to build a dynamic smart order router that can take advantage of the marketplace and also offer customers no commissions. [Voyager will make up the difference in revenue] by beating the average price of the coins at the point in time we execute the trade.

Stephen Ehrlich

CEO, Voyager

The company will function as a free service aggregator for more than ten trading floors. This will allow traders to buy / sell Crypto-currency at the best price.

Initially, 15 crypto-currencies, including Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ethereum Classic, will be presented on Voyager. According to Stephen Ehrlich, the company tends to add assets that are not available on most major US sites, including XRP and Stellar. However, before this, Voyager will ensure the safe storage of these crypto-currencies.

Beta testing of the site will begin this week, and in October traders will have access to the mobile application of Voyager.

In the future, the platform plans to offer additional services for hedge funds and institutional investors, as well as launch news and analytical services.

The introduction of a free Voyager product to the US crypto-exchange market will be gradual due to the need to obtain licenses from the country's regulators. Currently, the site has permits for trading operations in several states, including California, Massachusetts, Missouri, New Hampshire and Montana.

Bitfinex to List BCH' Chain Split Tokens

Bitfinex warned that support for BAB and BSV could be temporary
14 November 2018   56

The Hong Kong cryptocurrency exchange Bitfinex has listed the so-called Chain Split tokens for the two implementations of the Bitcoin Cash protocol. Bitcoin Cash hardfork is planned on 15th of November.

BAB [Bitcoin ABC client] and BSV [Bitcoin SV client] tokens will be traded in pairs with Bitcoin and the US dollar. The Token Manager tool will allow users to convert their Bitcoin Cash into one of the tokens. This process is reversible, Bitfinex emphasized. At the same time, marginal trade in tokens will be unavailable.

After snapshot of the network, the corresponding coins will be automatically converted into BAB and BSV onchain tokens, and all current Bitcoin Cash holders will receive an equivalent number of coins. However, if the user has a short BCH position at the time of the snapshot, the margin will be canceled, and the borrower, if he does not have enough tokens, will have to cover the negative balance sheets until December 31.

Bitfinex also warned that support for BAB and BSV could be temporary, and that as soon as all negative balances were covered, the exchange could delist them, allowing limited time for withdrawal.