A new Bitcoin exchange has hit the market and is offering a new way to buy and sell cryptocurrency and other digital goods.
The newly-launched bitcoin exchange, Bancor, launched on Monday with a teaser video and promises a new trading platform with the potential to become one of the most disruptive and successful Bitcoin exchanges in history.
Bancor has already attracted more than $20 million in capital from investors including Andreessen Horowitz, Benchmark, Andreessen Media, Coinbase, and others.
Its new website and platform includes a marketplace where users can buy and buy digital goods with bitcoin.
They can also trade Bitcoin for goods, services, or services like video streaming.
The platform has also partnered with BitPay to sell bitcoin-based payments and remittances to U.N. agencies and other groups.
For its part, BANCOR has also raised money through its own crowdfunding campaign, which raised over $5 million in December and has now raised more than 50% of its $15 million goal.
Its co-founder, Anthony Di Iorio, told The Hill that the platform has been designed to be easy to use and user-friendly, so that people will be able to get started and invest in cryptocurrencies.
He added that he hopes Bancorp will be successful in growing its ecosystem and become a major player in the new global digital economy.
“It’s a big deal to us, as it’s a significant step in the evolution of the Bitcoin space and the cryptocurrency market in general,” Di Ioro said.
“This is an important milestone for the future of this technology.”
“This is a major milestone for this technology,” he said.
The launch of the new Bancore platform comes on the heels of the launch of a new bitcoin exchange called Binance, which is now available to users in the U.K. and Germany.
Binance is similar to Bancors new platform but with some notable differences.
It is currently available only to U,D.
residents, with plans to launch in the coming months.
Bancers founder and CEO, Andrew Linn, told Business Insider that he has seen a huge increase in demand for the platform.
The biggest difference between Bancoro and Binance for Di Iorios team is the currency used to buy or sell digital goods, which he says are now a global phenomenon.
“We think that the bitcoin currency, which has been the currency of choice for a long time, is now the new gold standard,” he explained.
“This has happened in a very rapid and dramatic fashion, and it has created a huge amount of demand for these products.”
Di Iorio added that the new platform has more than doubled the size of its user base since its launch, adding that it has been successful in driving a significant amount of business for the company.
“Our user base has doubled in the last two years, which we think is unprecedented in terms of how much growth we’ve seen,” he told Business Insights.
“Our business is now profitable, and we’re in a position to build a much bigger business.”
While the platform will likely be a relatively small player in terms, Di Iós team is confident of its ability to continue to grow.
“I think we have a very good chance to continue this momentum,” he concluded.
“It will take a long, long time before we are a major force in the Bitcoin industry, but we believe that Bancori is on the right path.”
Read more about the bitcoin market: