Switcheo has announced a strategic partnership with Ledger, manufacturers of the popular Ledger Nano S hardware wallet, which is sold in 165 countries.
Switcheo is a decentralised exchange built on the NEO blockchain that facilitates the exchange of system assets such as NEO and GAS, along with NEP-5 tokens. Switcheo recently integrated Ledger functionality into its exchange, which was well received by its userbase.
“We were looking for a solution for [a] hardware wallet so our users [could] have better security when trading on our exchange and found Ledger to be the most secure and compatible hardware wallet to use,” Switcheo CTO and co-founder, Henry Chua told NEO News Today.
Switcheo is aiming to become a multi-chain exchange that eventually supports cross-chain trades. QTUM and Ethereum trading is on the roadmap for Switcheo’s Q3 2018 “Callisto” update, with a goal of enabling cross-chain swaps by the end of the year.
The partnership with Ledger will see the Switcheo and Ledger technical teams work together to allow users to trade directly from their hardware wallets when this vision is realised.
“Ledger has worked with us closely by giving lots of development advice and help in adding integration for browser-based NEO dApps. We will work closely together when we move onto additional blockchains in building our multi-chain DEX, so that users will be able to trade across different blockchains on their hardware wallets on our exchange.”
Switcheo is currently gearing up to release its V2 exchange that will feature enhancements such as instantaneous trading, public trading API’s, and improved withdrawals and deposits. Closed Beta testing took place on July 17th, with participating community members reporting a positive user experience on social media.
According the roadmap, Switcheo Exchange V2 is scheduled for a release this month.
More information on Switcheo Exchange can be found at the below links.
About The Author: Dean Jeffs
Dean is a digital project manager who has worked extensively with start ups and agencies in the marketing space. Fascinated by the potential applications of blockchain technology, Dean has a passion for realising the new smart economy.
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