Substratum Coin to Launch its Own Exchange in Knoxville

Dec 05, 2018 at 19:57

Substratum, a platform known to enable users to earn coins for renting their computers as servers, will launch its own exchange called Amplify Exchange in the United States.

David Weil, who serves as the exchange’s acting chief operating officer, noted that its office will be set up in 4 Market Square in Knoxville, a placed being developed to become a hub for high-tech companies.

Notably, the exchange is one of the rare firms that will allow fiat money to purchase altcoins without first purchasing a major coin like Bitcoin or Litecoin. It will also provide a tool to determine whether or not a person should invest in cryptocurrency based on their risk profile.

Likewise, it will offer paper trading and a game that allow users to train in fictitious investments before investing in real crypto.

Weil also expects the exchange to be up and running in about six months with 20 to 25 employees that will be recruited locally and expected to grow to 50 to 60 in the next 12 to 18 months.

He also noted that most employees needed are developers who will code aside from customer support and administrative staff.

Last September, DisruptBlock reviewed the Substratum coin.