After a year of rigorous development, a new P2P-platform localethereum.com opens for registration, the project blog says.
— localethereum.com (@localethereum) September 24, 2017
As the team claims, they are giving away "hundreds of thousands of dollars in fees to give the marketplace a kick-start".
Localethereum is a secure peer-to-peer marketplace where the user has complete control over their funds and trades. The company argues that it is helping to make Ethereum more liquid by allowing traders to side-step the frustrations of centralised exchanges which are infamous for locking-up or losing customer funds.
All ether deposited into localethereum is sent to a client-side-encrypted wallet. This wallet lives entirely in the browser and the staff can never touch the funds. When trading with another user, messages are end-to-end encrypted using a secure algorithm, and escrow is performed with a smart contract between the two parties, as detailed by the team.
On the home page of the website there's a message about the opportunity to register an account. It is also reported that the first three months of trade will be carried out without commissions. The start of trading is scheduled for October 21st.