Cryptocurrency, blockchain and digital asset technology company Net Savings Link (OTCMKTS:NSAV) on 19th July 2021 confirmed being on schedule for August 9, 2021 launch of its cryptocurrency exchange. This launch will make the firm only the second publicly traded Cryptocurrency Exchange in the US after Coinbase in April.
The firm will own 100% in the exchange and will be namedNSAV brand name. Currently, the value of global cryptocurrency market exceeds $2 trillion. NSAV believes that it can capture a chunk of the huge market, given its management and strategic partners.
Presently, the Huobi Cryptocurrency Exchange has 24-hour trading volume of more than $6 billion and over 40% of users are from China. The exchange is third globally in daily revenue at $2.29 million, behind Upbitand industry leader, Binance.
NSAV management as well as its partners are pioneers in Blockchain and Digital Asset industry, led by NSAV Director, Mr. Yuen Wong. Wong is also the CEO of LABS Group Limited, world’s first end to endBlockchain powered real estate investment ecosystem.
Wong is also Managing Partner at Bitmart Cryptocurrency Exchange. The platform supports over 220 cryptocurrencies and a 24-hour trading volume of approximately $2 Billion.
The management said that this is a historic moment in NSAV’s history and expressed gratitude to its shareholders. The firm aims to give various range of services like software solutions, e-commerce as well as financial services and information technology.
Market Reaction:
As of 11:28, NSAV stock soared 31% at $0.0394 with more than 91.94 million shares, compared to its average volume of 41.94 million shares. The stock had moved within a range of $0.0310 – 0.0419 after opening the trade at $0.0310. Over the past 52-week, the stock has been trading within a range of $0.0000 – 0.0697.
 Stock Rockets Again: What’s The Buzz?){kind=link}