Meet Evercoin

Exchange cryptos on-the-go directly from your own mobile wallet.

Evercoin is a Silicon Valley based cryptocurrency exchange founded and led by Talip Ozturk, the creator of Hazelcast, a popular open source in-memory distributed database in use at the biggest financial services companies in the world. Having seen the power of open source at some of the largest banks in the world, Talip was inspired to join the cryptocurrency movement which combines his love of open systems and distributed governance with his experience in large-scale high-performance financial infrastructure and distributed computing.

Team

Talip Ozturk

TALIP OZTURK

Product guy. Founder and former CEO/CTO of Hazelcast (distributed no-sql database). Loves coding, startups and soccer.

Miko Matsumura

MIKO MATSUMURA

Marketing and strategy geek. Ex Hazelcast, Gradle, Software AG, Sun Microsystems.

David Martin

DAVID MARTIN

Compliance guru. Former PayPal-er. Climber, arm-chair philosopher, and guitar player.

Ahmet A

AHMET ALPTEKIN

iOS and backend developer. Ex Linux Kernel Hacker. Skilled in Machine learning. Hates skiing and dancing.

Yasin Tamer

YASIN TAMER

Java Engineer, Javascript Developer, Plays with Android and React programing, Blockchain enthusiast, Motorbike, speed.

Ismael Kose

ISMAEL KOSE

The guy who designed all this thing. Loves video games and swimming.

Frequently Asked Questions

Evercoin is an integrated non-custodial system for managing cryptocurrencies. It brings together a exchange (Evercoin), mobile wallets, a desktop trading application and hardware wallets into one comprehensive system.
Almost all of the major cryptocurrency exchanges hold custody of user funds, and therefore are custodial exchanges. Evercoin does not hold user funds and is therefore non-custodial.
We believe that existing solutions are deeply compromised in either ease-of-use or in the way they provide users access to the blockchain. We believe in the power of open source money to create a freer and more financially inclusive world and feel that existing systems hinder the adoption of a more decentralized ownership of financial power.
One of the fundamental laws of cryptocurrencies as designed by Satoshi Nakamoto is that the owner of the private keys are the owners of the wallets and therefore the money inside. Today’s custodial exchanges break that law and fundamentally recreate the model of the traditional centralized fiat banking system. Very large exchange hacking incidents such as the half-billion dollar CoinCheck hack and the implosion of the MtGox exchange are the direct result of centralizing custody of crypto assets. In custodial exchanges, users have no standing and are forced to 100% trust their assets to a third party intermediary.
We believe that by building a fully integrated solution we can design a system that does not require 100% trust in a third party to hold custody over your crypto assets--but at the same time not compromise on ease-of-use. At the moment, users are forced to choose between staying safe in a cold storage wallet or being dynamic and able to exchange. This is like staying home in order to feel safe or to go out to the market where you can buy things. By integrating the wallet (the safe home base where you store your crypto assets) and the exchange (the marketplace where you can buy and sell), we can provide the best of both worlds.
We feel this phrase is subject to considerable misuse. Decentralization is a principle that can be applied to many things including the location or ownership of 1) compute resources as well as the location or ownership of 2) crypto assets and can also be applied to the location or ownership of the exchange company. If you stack rank the importance of these things from a user perspective, we feel that the user should care most about ownership of their own crypto assets or decentralizing who is holding the money. In that sense Evercoin is decentralized. But to maintain performance and security of the exchange itself the compute resources are controlled by Evercoin. In that sense we are a centralized exchange.
Several reasons, first of which is that it is technically much easier. Secondly, by amassing customer funds, they can use customer funds in poorly regulated ways, essentially acting as a bank that profits from customer funds without providing any interest to customers. Lastly customers are very familiar with traditional online banking, and unfamiliar with managing private keys. So customers are unfortunately comfortable with pretending that custodial exchanges.
We are serial entrepreneurs based in Silicon Valley, led by Talip Ozturk, the creator of the open source project Hazelcast. Hazelcast is a high performance in-memory database used at most of the top investment banks in the world for high-frequency trading. Miko Matsumura is a cofounder. The team is depicted on the About page.

Have other questions? Chat with us, we'd love to hear from you.