It facilitates the exchange of digital assets including NEO’s system assets (NEO, GAS) and NEP-5 tokens with an aim to achieve a DEX network with cross-chain swapping capabilities between all the popular blockchains such as QTUM (QRC20) and Ethereum (ERC20), and research is being done for up and coming blockchains such as Zilliqa and EOS.
This partnership will entail close collaboration between engineering teams from Switcheo and Ledger, working together and enabling our users to trade directly from their hardware wallet when Switcheo Exchange goes multi-chain and ultimately, cross-chain.
Delivering a seamless trading experience and ensuring the security of our users’ funds have always been the priority of Switcheo Network. We are glad to partner with a like-minded company such as Ledger, which will help us in providing these benefits to our users.
While it isn’t yet clear how exactly the two partners plan on doing so, the initiative seems to be first of its kind, and their success could mean an elegant solution to the many security threats faced by traders every day.