• Waves DEX has been transformed into a cryptocurrency trading platform.
  • The developers will no longer be responsible for exchange management and support.

The decentralized cryptocurrency exchange Waves exchange stopped operations and reopened as a hybrid cryptocurrency platform on the new domain. The migration from Waves DEX to the new Waves.Exchange platform started on Monday, December 2 at 07:00 GMT and has now been “successfully completed”.

The transition to the new platform was announced in early November. Users can find detailed information about the migration process in the official blog of the exchange. According to the company, the new trading platform combines the irreversibility of transactions inherent to decentralized exchanges, security and user control over funds, as well as the properties of centralized trading platforms.

Waves representatives also added that the core developers team will focus on the protocol, which includes both open and private implementations, as well as sharding and infrastructure development. Marketing and support will be performed separate structure.

According to Waves CEO Alexander Ivanov, Waves DEX was a prototype. However, now that it became large enough, it is time to transfer the management to a dedicated team and focus on protocol development. 

In the future, Waves.Exchange plans to launch a partner program and a market-maker program, add Tether (USDT) support, and create new tools to generate passive income. The latter suggests, among other things, lo risk staking of stablecoins. 

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.

Cryptos feed

Latest Crypto News & Analysis

Editors’ Picks

Bitcoin Price Analysis: BTC/USD consolidation lags triangle breakout

Bitcoin remained under pressure during the entire weekend. The attempts made to stay above $7,200 support failed, leaving to the path of least resist ace to be below $7,000. Bitcoin’s immediate upside is limited by the 50 SMA on the 2H chart.

More Bitcoin News

Ethereum Price Update: ETH/USD defends $140 support yet again

Ethereum is largely unchanged compared to the levels towards the end of last week. The pressure oozing from the bears continued across the weekend session. Besides action beyond $145 remained limited.

More Ethereum News

Ripple Price Analysis: XRP/USD spirals in freshly reignited downward momentum

Ripple has ignited the bearish momentum breaking the weekend-long support at $0.2160. The losses come after an attempt to break out from the descending channel resistance failed.

More Ripple News

Cardano’s IOHK celebrates 120 staking pulls less than 24 hours after testnet launch

The research firm in charge of developing Cardano, a major cryptocurrency, IOHK was delighted to announce the fantastic performance of the newly launched testnet.

More Cryptocurrencies News


Bitcoin Weekly Forecast: It's all about whales again

On the cryptocurrency market, regulators, governments and central bankers and other big names like that are inferior to whales when it comes to generating trends and price movements.

Read the weekly forecast