The NEO Blockchain’s First Decentralized Exchange Goes Live

[kreslik.news]

NEO’s first decentralized exchange project, ‘Switcheo’, has finally gone live.

Switcheo’s launch has been highly anticipated, raising $8.5 million in its ICO; Crypto Globe reported that the exchange has seen an average $2 million trading volume in its first week. The exchange has reportedly risen to become the fourth-largest DEX (decentralized exchange), following Ethfinex, Idea, and Cobinhood.

Although there are already a number of successfully-operating decentralized exchanges on the market, the majority of them only allow users to ERC20 trade tokens built on the Ethereum blockchain (ie Idex and EtherDelta). Switcheo is the first decentralized exchange to operate on the ... (read more)