On November 19th, Switcheo Exchange launched the Callisto update, which now includes functionality to trade Ethereum ERC-20 tokens on its decentralized exchange (DEX). Switcheo also plans to add a Qtum QRC-20 token DEX to its platform, and eventually cross-chain trading among the three blockchains. According to Switcheo Exchange, this is the first non-custodian exchange to support both NEO and Ethereum blockchains.
On the launch of Callisto, Switcheo CEO Ivan Poon stated “our users can now trade on two different blockchains while retaining ownership of their funds, they will no longer need to create trading accounts on different exchanges, thus lessening their risks of getting hacked.”
According to chief commercial officer Jack Yeu, since the Switcheo Exchange trading platform launched in March of 2018, daily trading volume has peaked at USD $3 million with over 25,300 daily active users.
Though the Ethereum DEX is now active on Switcheo, the platform has not yet incorporated cross-chain trading with interoperability functionality in development. Poon stated, “each blockchain runs on its own unique protocol and, there is no current technology that facilitate their interaction with one another.”
In addition to the launch of Callisto, Switcheo Exchange was recently incorporated into the Blockfolio Signal portfolio monitoring application.
Initial ERC-20 token listings
Callisto is planned to list more than 22 ERC-20 tokens, and listed the following tokens at launch:
- Accounting Blockchain (TAB)
- Basic Attention Token (BAT)
- BCDiploma (BCDT)
- Celsius (CEL)
- Dai (DAI)
- Eden Coin (EDEN)
- Ethos (ETHOS)
- Fantom (FTM)
- Leverj (LEV)
- Liquidity Network (LQD)
- Maker (MKR)
- Metadium (META)
- OmiseGO (OMG)
- RedCab (REDC)
Raffle to welcome Callisto launch
To celebrate the launch of Callisto, Switcheo will host a raffle event to reward randomly selected traders who use Switcheo Exchange between 12:00 pm (UTC +8), Wednesday, November 21st and 12:00 pm (UTC +8), Tuesday, December 4th.
33 individuals will be rewarded from a pool of 18 ETH and 6,000 DAI, broken down as follows:
- First Place: 10 ETH
- Second Place: 5 ETH
- Third Place: 3 ETH
- Fourth – 33rd Place: 30 traders to evenly split from pool of 6,000 DAI
To qualify for the raffle, users will receive 1 ticket for every 1 ETH token traded. Additionally, participants must meet the following pre-requisites:
- Retweet this Twitter post to the participant’s Twitter profile
- Follow Switcheo on Twitter or Facebook
- Hold 5,000 SWTH in a NEO wallet during the event period, and
- Trade on any ETH trading pairs
Registration is required to enter the Switcheo Exchange raffle, which can be found at the following link:
Further information about entries and selection criteria can be found in the following link:
About The Author: Dylan Grabowski
Dylan is a reformed urban planner with a passion for covering the Neo ecosystem. His objective as a writer for Neo News Today is to report news in an objective, fact-based, non-sensational manner. When not behind a computer screen, he can be found in the mountains rock climbing. Find Dylan on Twitter (@GrabowskiDylan).
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