With the support of well-known businessmen, it is planned to launch Voyager, a new stock exchange with cryptocurrency trading without commissions.
According to Fortune, the Voyager exchange was created by a co-founder of Uber, Oscar Salazar, as well as by one of the earliest investors of the app, Philip Eytan. The CEO of Voyager is Stephen Ehrlich, former president and founder of the retail brokerage company Lightspeed Financial, who also previously managed the trading department for the online broker E * Trade before it was acquired by Lightspeed.
One of the most notable characteristics of the new exchange is cryptocurrency trading without commissions. This puts Voyager on a par with the Robinhood trading app, which seeks to radically change the status quo of the market by eliminating some costs associated with cryptocurrency trading.
Voyager plans to add 15 cryptocurrencies from the list of 25 most effective networks, including bitcoin, ethereum and Bitcoin Cash. According to Ehrlich, Voyager also “leans” toward Ripple and Stellar, which are not yet on the list of major US exchanges.
"If suddenly big players start trading these cryptocurrencies, we will also join them and add these and other similar coins," he noted.
In addition, Voyager intends to add support for cryptocurrency news and analysis, as well as additional tools for the segment of institutional investors. The beta testing of the platform begins this week and by the end of October, traders will be able to download the stock exchange app.
According to Voyager, the exchange is currently in the process of obtaining a license in the United States. “We do not think that cryptocurrencies have already become widespread in the US,” Erlich said.
Salazar is not the only Uber founder who turned his attention to the cryptocurrency industry. In March, it became known that the second co-founder of the company, Garrett Camp, intends to issue a cryptocurrency called Eco. Camp plans to issue 1 trillion coins, half of which will be distributed free of charge among the first billion registered and verified users.
20% of tokens will be provided to universities managing nodes. Each partner of the company, advisor and the Eco Foundation itself, which will support the network, will get 10%. Camp and his partners are planning to allocate $10 million to the operating costs of the Eco Foundation.
Now, let's move to the technical analysis of Bitcoin (BTC):
Bitcoin clearly worked out our yesterday's forecast, dropping to around $7,815 and even breaking through a level of $8,000. We expect consolidation in the range of $7,815-7,960. Then, more than likely, it will continue its downward movement. The nearest support level is $7,700. The nearest resistance level is $8,000.
Technical analysis of Ethereum (ETH):
Judging by the fall in price, ethereum decided to be in step with bitcoin. This indicates a lack of buyers. On the chart, the “double top” was formed, which gives us the right to expect further drop to the level of $440. The nearest resistance level is $460. The nearest support level is $440.
Technical analysis of Ripple (XRP):
Ripple went down to the support level of $0.43, now it is consolidating in a narrow corridor. Then, more than likely, it will continue its downward movement. The nearest support level is at $0.43. The nearest resistance level is $0.44.