2019 the year Switcheo becomes a major player in the crypto market?

in #cryptocurrency5 years ago

Switcheo is the first multi-chain DEX on the NEO blockchain. It's very user friendly with great design that facilitates the passage for a user that comes from the world of centralized exchanges.

What's coming for Switcheo in Q1 2019 and beyond:

The Switcheo team is working very hard to deliver a full product and for that you need fiat gateways. It has been planed since December 2018 and due to unfortunate externalities it was delayed for the end of the quarter. It's a big step for a exchange to have fiat to become a one and only solution to trading without having to use multiple sources to enter the crypto market.

Switcheo faces one big problem that many other exchanges that don't use bot trading and wash trading are facing and that it liquidity. Liquidity is a big problem in the crypto market, it does create big swings in prices and creates windows for price manipulation. Many good projects remain unknown due to the lack of reputable listing exchanges and lack of liquidity. How is Switcheo solving this problem you may ask? It's working hard to on-board third party liquidity providers plus it launched a maker rebate program for market makers to get incentives from using the order book.

Now we enter some exciting features such as email login. This gives back the user the feeling of using a normal easy and centralized exchange such as Binance and Coinbase. Email login will empower the user and remove the psychological barrier of using a DEX, of using the unknown. Users no longer have to worry about technicalities such as encrypted keys and private keys or having to manage their own funds between different wallets, it will bring comfort and familiarity to the Switcheo DEX.

Atomic Swaps and Cross-Chain will get severely improved this year and more blockchains being implemented to enable a fully multi-chain exchange. Instant transactions and interoperability will become key acronyms for 2019 across the industry.


A little bit of speculation it was announced a mystery feature for mid-February that would help improve the trade volume.   

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