ShapeShift Cryptocurrency Exchange Adds Waves Blockchain Token

ShapeShift, an instant digital asset exchange for Bitcoin, Ethereum, Dash, Monero and dozens of other Blockchain tokens, has added WAVES to its extensive list of currencies, bringing greater Liquidity and accessibility to the custom tokens platform.

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"We’ve very pleased that ShapeShift has added WAVES," commented Waves Platform CEO Sasha Ivanov. "Waves platform was created to make blockchain technology accessible to mainstream users and easy for businesses to build applications on. ShapeShift’s instant-exchange approach is a great example of how a user-friendly app can revolutionise the way people engage with crypto, so we’re really happy to have this functionality added to the Waves ecosystem."

Background

The Waves blockchain platform recently launched its own decentralised exchange (DEX). The developers explain that DEX is designed to avoid the problems that plagued earlier decentralised exchanges and prevented them from gaining a critical mass of users.

Waves’ DEX offers asset-to-asset trading as well as crypto and fiat tokens integration. It promises to operate very quickly as trades will be executed on the matching engine, while still being settled on the blockchain. The interface will be similar to the centralized bitcoin exchanges that are most popular in the cryptocurrency world.