Post
Topic
Board Service Discussion
Re: Roger Ver: Starting His Own Crypto Exchange?
by
SFR10
on 10/10/2018, 19:59:01 UTC
It is probably too late for Ver to join the crypto exchange market after the rise of Binance and several others.
I think it will be difficult for him to succeed because there are too many exchanges already out there.
Numbers don't matter (somehow insignificant) but instead, having an exchange that's secure enough is the key and that's where he's lacking:

As mentioned, the idea is still very much at the drawing board stage of its development. Ver is not even sure whether he would prefer to develop an entirely new platform for buying and selling cryptos or if he should simply locate a partner willing to sell usage rights to him. Both options offer different pros and cons:

“If we build it ourselves, we can do it really, really cheap, and we get exactly what we want… But we don’t have the security of a battle-tested exchange that’s been around for a while.”

- Most likely he'll go with the latter option (partnering with someone) but regardless of that, he's getting involved in way too many things (really annoying).

why bother, Bitcoin was always going to win the battle against Bitcoin Cash.
Greed.