NSAV Announces Launch of Cryptocurrency Exchange
McapMediaWire – NSAV, a cryptocurrency, blockchain and digital asset technology company, today announced the launch of its wholly owned Cryptocurrency Exchange, which carries the NSAV brand name.
The NSAV Exchange makes NSAV only the second United States publicly traded company to own a Cryptocurrency Exchange, following the Coinbase IPO in April, which valued Coinbase at over $85 billion.
The launch officially marks the Company’s entrance into the $2 trillion global cryptocurrency market. The NSAV Exchange is fully functional.
The Company slightly delayed its timeline to become fully operational. NSAV is in the process of strengthening its KYC protocols and other compliance related items, in order ensure that it doesn’t fall victim to the same legal and regulatory problems that have recently plagued Coinbase and Binance.
The Company believes that it possesses the expertise and skill set to be fully compliant in all jurisdictions in which it conducts business. The management believes this delay will be in the best interest of all NSAV shareholders, in order to ensure shareholder value is being protected.
In related news, NSAV announced plans launch a governance token, which management believes will be a huge benefit for its NSAV Exchange.
Silverbear Capital Inc., a leading, global investment banking firm, will be advising NSAV on strategic matters relating to the Company’s cryptocurrency exchange.
Silverbear will also help guide NSAV in ensuring that its exchange is continually in compliance, given the rapidly increasing regulatory environment in the cryptocurrency industry.
Disclaimer: Silverbear Capital Inc. does not constitute investment advice, or an offer or solicitation to sell, or a solicitation to buy, or any other investment product in any jurisdiction in which an offer, solicitation, purchase or sale would be unlawful under the securities law of that jurisdiction.
The management of NSAV believes that the Company can capture a significant share of the massive Chinese cryptocurrency market, given the expertise of its management and strategic partners. Presently, the Huobi Cryptocurrency Exchange has a 24-hour trading volume of over $6 billion and 40% of its users are from China. Huobi is number 3 globally in daily revenue at $2.29 million, behind only Upbit $3.42 and industry leader, Binance at $3.48 million.
The management of NSAV and its partners are pioneers in the Digital Asset and Blockchain industry. The team is led by NSAV Director, Mr. Yuen Wong. Mr. Wong is also the CEO of LABS Group Limited, the world’s first end to end Blockchain powered real estate investment ecosystem and powered by the LABS ecosystem token through decentralised finance and governance.
As one of the founders of Bitmart Cryptocurrency Exchange, Mr. Wong helped guide BitMart in becoming a premier global digital asset trading platform, with over 2 million users worldwide and ranked among the top crypto exchanges on CoinMarketCap. Bitmart’s platform supports over 220 cryptocurrencies and has a 24 hour trading volume of approximately $2 Billion. Mr. Wong is also a partner at Silverbear Capital.
Danny Lau, NSAV Director and Silverbear Capital partner stated, “We are extremely pleased to see a major media network in U.S. reporting our Company’s progress. This means the NSAV brand is being recognised internationally. We’d like to sincerely thank SBC Investor Relations for their dedicated and professional work.”
NSAV’s vision is the establishment of a fully integrated technology company that provides turnkey technological solutions to the cryptocurrency, blockchain and digital asset industries. Over time, the Company plans to provide a wide range of services such as software solutions, eCommerce, advisory services, financial services and information technology.
For further information please contact NSAV at info@nsavholdinginc.com
The NSAV Twitter account can be accessed at https://twitter.com/nsavtech
The NSAV corporate website can be accessed at http://nsavholdinginc.com
This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, which are intended to be covered by the safe harbours created thereby.
Investors are cautioned that, all forward-looking statements involve risks and uncertainties, including without limitation, the ability of Net Savings Link, Inc. to accomplish its stated plan of business. Net Savings Link, Inc. believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any of the assumptions could be inaccurate, and therefore, there can be no assurance that the forward-looking statements included in this press release will prove to be accurate.
In light of the significant uncertainties inherent in the forward- looking statements included herein, the inclusion of such information should not be regarded as a representation by Net Savings Link, Inc. or any other person.
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