19 October 2017
Register now

Waves launches Ether gateway

19 July 2017  |  3749 views  |  0 Source: Waves

Having successfully launched bitcoin, USD and EUR gateways, Waves has now implemented an Ether gateway within the lite client – opening more possibilities for decentralised trading.

The gateway will enable users to store ETH and trade it against other tokens on the DEX.

The Ethereum gateway will work in a similar way to the existing bitcoin gateway: users will send ETH to the given address within the client and will receive a Waves token in return. These tokens will be backed 1:1 with Ether, and can be withdrawn and exchanged for ETH at any time.

Meanwhile, whilst they remain within the Waves blockchain ecosystem, the Waves ETH tokens can be stored securely and transferred with the speed and low cost of the Waves network. In particular, it will be possible to trade them against other Waves tokens – including WBTC and WAVES itself. This means that users will be able to trade ETH peer-to-peer on DEX, against BTC, WAVES, USD and EUR, as well as any other token. Thanks to Waves’ centralised order matching, the DEX approaches the speed of a traditional exchange, but with the security of blockchain settlement.

“We’re really pleased to add another gateway to the Waves client,” comments Sasha Ivanov, Waves CEO. “Ethereum is the foremost blockchain platform after bitcoin itself, and it’s important to be able to offer users the opportunity to trade ETH on a decentralised exchange. In due course we’ll be adding more coin gateways, broadening our appeal and allowing not only trading but Waves crowdsales that collect a whole range of cryptocurrencies directly.”  

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.vasco.com Register now

Top topics

Most viewed Most shared
Ripple looks to drive bank adoption with $300m XRP rebate programmeRipple looks to drive bank adoption with $...
15515 views comments | 12 tweets | 4 linkedin
Swift positive on blockchain, but big challenges remainSwift positive on blockchain, but big chal...
8708 views comments | 16 tweets | 22 linkedin
hands typing furiouslyHow artificial intelligence can deliver a...
8336 views 0 | 8 tweets | 9 linkedin
satelliteGates Foundation backs Ripple collaboratio...
7786 views comments | 13 tweets | 10 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
6961 views comments | 9 tweets | 17 linkedin

Featured job

Competitive base + commission + benefits
New York City, NY - USA

Find your next job