Ethereum, NEO Decentralized Exchange Announces OTC Trading Desk

Switcheo, a decentralized cryptocurrency exchange built on top of NEO that offers both ERC-20 and NEP-5 tokens, has recently announced the launch of a fully non-custodial over-the-counter (OTC) trading desk.

According to the exchange’s announcement, the OTC desk will leverage Switcheo’s smart contracts on both Ethereum and NEO to let users execute peer-to-peer trades with no counterparty risk and low fees.

The offering is set to initially launch with a limited number of tokens, as more will be added once the NEO 3.0 update goes live. By then, compatible ERC-20 and NEP-5 tokens are set to be tradeable and, in the future, cross-chain atomic swaps are also planned.


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