Switcheo Launches New Wrapped Bitcoin Markets

Product Updates Jul 08, 2019

In order to better support future BTC quoted markets, we are delighted to announce that we are introducing a new BTC tab on Switcheo Exchange.

To start, we will be adding the NEO/WBTC atomic swap market, which can be found under the new BTC tab in our markets dropdown. For the first time, traders around the world will be able to buy or sell NEO with the BTC-pegged token, WBTC, in a trustless manner via Switcheo’s cross-chain atomic swaps.

In addition to that, the existing WBTC/ETH pairing has been re-listed under the new market tab as ETH/WBTC.

Deposits and trading for WBTC/ETH market has halted, and existing orders under this pairing have been cancelled. Users would not need to take any action.

• • •

About WBTC:

WBTC (Wrapped Bitcoin)​ is a community-driven project by Kyber Network, Republic Protocol and BitGo and provides a fully-backed Bitcoin ERC20 token on the Ethereum network. The initiative will bridge Bitcoin liquidity and the decentralized ecosystem on Ethereum, enhancing all decentralized applications.

Find out more about WBTC here:

Website

About Switcheo Network:

Switcheo Network is the first decentralized cryptocurrency exchange on the NEO blockchain which now allows trading of EOS, Ethereum and NEO tokens.

Our goal is to achieve a DEX network with cross-chain swapping capabilities across multiple blockchains, with a focus on delivering a world-class trading experience in a fully trustless and decentralized environment.

• • •

For more information on Switcheo:

Jack Yeu

Jack Yeu is the co-founder and CCO at Switcheo Network.