The Vertcoin exchange nears launch...

Vertbase, a US-based exchange for trading USD with VTC is nearing launch as the company has completed the anti-money laundering compliance plan and review. There remains one final step for Vertbase to launch: approval from banking partners.

The timeline for approval of banking partners is unknown at this point, but today's news signifies an important step forward for the exchange. With the launch of Vertbase, traders will be able to directly purchase Vertcoin. This will be considerably easier than the current process, going through multiple steps sending one currency such as Bitcoin or Litecoin from Coinbase to Bittrex, for example, or using an exchange broker such as Shapeshift to access Vertcoin.

This also will free Vertcoin from BTC pairing as it will be available directly with USD fiat money.

Vertcoin pricing has been especially subdued with the market lull over the past number of weeks. The currency had seen values nearing $9 USD prior to the January crash, but currently sits at a subdued value below $2. With news of Ethereum ASICs being released, it may be time soon for miners to switch to an ASIC-resistant coin as GPUs simply will not be able to compete with the much more powerful dedicated ASICs. It may be a good time to accumulate Vertcoin in the near future, whether through mining or direct purchase.

*This is not professional trading advice - it's just my opinion!

If you're interested in trading cryptocurrencies, check out Binance by using the link in my profile @xsid and sign up today!

image source:

https://twitter.com/incomesharks/status/940051728832987137