Cryptocurrency, blockchain and digital asset technology company, Net Savings Link (OTCMKTS:NSAV) on July 26th, 2021 announced that the firm is targeting launch of its wholly-owned crypto exchange on August 9, 2021.
Mr. Yuen Wong, NSAV Director and Managing Partner of leading Cryptocurrency Exchange, Bitmart will be delivering a video address to its shareholders and providing status on the exchange, having NSAV brand name.
This will commence the firm’s entry into the $2 trillion global cryptocurrency market and will just be the second such company to have a Cryptocurrency Exchange in the country, following Coinbase IPO in April, that gave valuation of $85 billion to Coinbase.
The firm believes that it can take significant share of the Chinese market, due to its expertise Currently, the Huobi Cryptocurrency Exchange has a 24-hour trading volume of over
$6 billion with 40% users being from China. Huobi is number 3 globally in daily revenues at $2.29 million, being only behindUpbitand industry leader, Binance at $3.48 million.
With a countdown timer on its website, NSAV will keep shareholders apprised on the time remaining for the launch of its Cryptocurrency Exchange. Pioneers in Digital Asset and Blockchain industry, NSAV team has its 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 facilitated BitMartbecome a premier global digital asset trading platform, with over 2 million users worldwide.
Market Reaction:
On Monday, NSAV stock gained 10% at $0.0489 with more than 116.53 million shares, compared to its average volume of 50.02 million shares. The stock has moved within a range of $0.0453 – 0.0528 after opening the trade at $0.0465. Over the past 52-week, the stock has been trading within a range of $0.0000 – 0.0697.
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