SegWit: successful atomic swaps performed

First steps to SegWit ecosystem: SegWit enables coins
26 September 2017   2723

This week was a significant step forward for the SegWit Ecosystem as SegWit enabled coins. Thus, Litecoin has been successfully exchanged through Atomic Swaps with Decred, Vertcoin, and then finally Bitcoin, as reported by cointelegraph.com.

On September 19th 1.337 LTC was swapped for 2.4066 DCR.  Although they ran into difficulty at first, they were able to complete the swap via on-chain transactions through Decred’s repo wallet, as detailed.

Then, on September 20th, the Litecoin creator teamed up with the lead developer of Vertcoin, to perform another Atomic Swap. James was able to port Decred’s code to VTC and this time the two successfully exchanged 1 LTC for 55 VTC. 

Finally, on September 22th Charlie worked with a John S to perform Atomic Swaps between LTC and BTC. The two followed the same processes outlined above and successfully swapped 10 LTC for 0.1137 BTC. 

It is also noteworthy, that the exchanges the Litecoin creator Charlie Lee did with DCR, VTC, and BTC did not utilize SegWit.  However, this technology will be necessary as a fully functioning and scalable Atomic Swap system will require the Lightning Network. 

Litecoin charts on coinmarketcap.com Litecoin charts on coinmarketcap.com

Meanwhile, at the time of writing, Litecoin price is about $51.97, its market capitalization is $2,759,304,948.

Coinbase to Expand Services for Asia

Among the services available now there are Coinbase Prime, Pro and Custody
22 January 2019   120

Coinbase, the leading US cryptocurrency company reported that from now on its professional trading and custodial platforms are available to institutional clients and investors with large volumes from the Asian region.

In particular, according to the Coinbase blog, users of Asia will have access to the option of depositing accounts and withdrawing funds using SWIFT transfers through non-US bank accounts.

In the past 12 months, hundreds of crypto-first hedge funds have launched around the world, and many hundreds more traditional institutions such as proprietary trading firms, family offices and endowments have begun actively trading digital assets. Coinbase’s suite of professional products — Coinbase Prime and Pro, Coinbase Custody — serves these customers, along with other participants in the market, like asset issuers, crypto exchanges, and miners.
 

Elliott Suthers

Coinbase

Among the services available there are Coinbase Prime, Coinbase Pro and Coinbase Custody, which also supports the steamer USDC.

In December 2018, Coinbase began to provide services to residents of the islands of Guernsey and Maine, as well as Lithuania, Iceland, Andorra and Gibraltar.