Waves launches Ether gateaway

Waves introduces a gateway allowing for trading of Ether on its lite client
20 July 2017   3470
Blockchain

Distributed database that is used to maintain a continuously growing list of records, called blocks

Waves, one of the largest Russian blockchain projects, having successfully launched Bitcoin, USD and EUR gateways, has implemented an Ether gateway within the lite client, opening more possibilities for decentralised trading. 

Ethereum

Is an open-source blockchain-based distributed computing platform featuring smart contract functionality, which facilitates online contractual agreements 

As reported, the gateway will enable users to store ETH and trade it against other tokens on the DEX, Waves' decentralized peer-to-peer exchange.

According to an announcement made by Gleb Kostarev, PR Manager at Waves, 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 These tokens will be backed 1:1 with Ether, and can be withdrawn and exchanged for ETH at any time.

While stored on the Waves blockchain, the Waves ETH tokens may also be traded for other existing Waves tokens, such as WBTC, or WAVES itself.

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.
 

Sasha Ivanov
Waves CEO

This new trading feature on Waves gives investors yet another means to access and store value in Ether. The Ethereum (ETH) gateway is now live in the lite client.

Binance to Spread Crypto Fiat Wings

The list of upcoming jurisdictions was found by the Block
18 January 2019   63

The Block has gained access to the list of jurisdictions in which the largest cryptocurrency exchange Binance intends to launch fiat trading platforms. The latter use technology Binance, but will be separate legal entities.

Alleged Binance New Operation Jurisdictions
Alleged Binance New Operation Jurisdictions

In 2019, the exchange allegedly intends to launch full-scale activities in Malta and in Singapore. At the same time, South Korea, Liechtenstein, Russia, Turkey and Argentina are in the plans.

Note that in October last year, such a platform appeared in Uganda, and just a few days ago - on the island of Jersey.