On July 15, NSAV’s stock was at $0.0218. However, after positive news, the stock more than doubles: it is currently at $0.0439 in the pre-market, resulting in a 101% boost. The company yesterday announced that it is on time for the August 9, 2021 launch of its eagerly anticipated Cryptocurrency Exchange. The launch will make NSAV only the second U.S. publicly traded Cryptocurrency Exchange, following the Coinbase in April. The company will own 100% of the exchange and will carry the NSAV brand name.
The value of the cryptocurrency market currently is more than $2 trillion. The management of NSAV believes that the company can capture a significant portion of the massive Chinese cryptocurrency market, given the experience of its management and strategic partners.
Presently, the Huobi Cryptocurrency Exchange has a 24-hour trading volume of over $6 billion, and 40% of the users are from China. Huobi is third globally in daily revenue at $2.29 million, behind only Upbit $3.42 and industry leader, Binance at $3.48 million.
Finance and Entertainment Reporter
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