All those who are looking into cryptocurrency and blockchain companies at this point could consider taking a good look at the Net Savings Link (OTCMKTS:NSAV) stock. On Monday, the stock suffered a steep fall and went down by as much as 40%.
However, the fall was the result of investors deciding to cash in on their profits and hence, it is important for investors to figure out if the latest fall could be an opportunity or not. Monday was a momentous day for Net Savings Link as it managed to successfully launch its own cryptocurrency exchange.
It is a massive industry and the launch of the exchange made Net Savings Link only the second listed entity to have its own crypto exchange. More importantly, investors need to also note that the exchange is currently fully functional and crypto traders can open up accounts immediately.
However, at the same time, the company also noted that it is currently working on further strengthening its KYC processes and other processes that are related to compliance. The company decided to go for such measures in order to make sure that its exchange does not get into the same sort of difficulties that had earlier plagued Coinbase. Investors could consider keeping the stock in their watch lists at this point.
