Switcheo decentralized cryptocurrency exchange announced the launch of a public beta test of its own over-the-counter platform starting from March 4th.
The new non-custodial platform will use the same account in the smart contract as on the exchange.
Switcheo OTC leverages on our existing trustless smart contracts on Ethereum and NEO, allowing users to execute peer-to-peer trades with zero counter-party risk and super low fees!
Co-founder, Switcheo Network
In addition, during the first month to attract customers, the Switcheo OTC platform will free traders from commissions. In the future, users will be able to use SWTH tokens to get discounts on commissions.
Initially, the set of tokens on Switcheo OTC will be limited, and users will not be able to exchange assets released on different blockchains.
However, in the future, the site intends to add support for all ERC20 and NEP5 tokens, as well as the function of atomic swaps.