The NEO based exchange has announced that it will be listing 19 ERC-20 tokens on its exchange this week, meaning the exchange will be focusing on both NEO tokens as well as Ethereum based tokens.
Switcheo, describes itself as the “World’s First Multi-Chain Decentralized Exchange. Now Available for ERC20, NEO and NEP-5 Tokens.”
Switcheo recently launched their Callisto update, allowing for ERC-20 tokens to be listed on the exchange. CEO Ivan Poon stated ““We are currently in the development phase of enabling blockchains’ interoperability to activate cross-chain trading. Because each blockchain runs on its own unique protocol and, there is no current technology that facilitate their interaction with one another,”
The news is a huge push for the exchange which only used to operate NEO based tokens. Since the addition of the Callisto update, the exchange has added over 22 ERC-20 tokens upon launch. Switcheo recently announced they have added an additional 19 tokens including favourites such as $HOT, $QKC, $USDC, $ZIL, and $ENJ to name a few.
Switcheo is currently ranked a measly #175 in crypto exchange volume with a 24 hour trading volume of just $49,000.
Perhaps the addition of the Callisto update and new ethereum based tokens will allow for more trading volume to flow into the exchange.
#Switcheo Exchange will list 19 new ERC20 tokens on Tuesday, 27 November at 12pm SGT (UTC+8).
— Switcheo (@SwitcheoNetwork) November 26, 2018
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