The Waves DEX exchange shut down after 2 years of operations on Dec 2, 2019. However, the exchange has upgraded and rebranded itself as Waves.Exchange. The company website gives out a clear message as to why this particular change.
The new improved website will offer users a better experience and a wide range of tools. The platform explained that the users’ funds were safe and migration won’t induce any loss. The new features will enable a safe and secure trading experience for the users on this hybrid trading platform.
The Waves DEX team took to Twitter to announce the commencement of platform migration. The migration is expected to be completed in a short span of time and the users will be able to avail the features soon.
The CEO of the platform, Sash Ivanov, quotes
“Waves DEX was a kind of prototype. Now, after 2 years of operation, it has grown and become a separate project. […] Now it’s time for us to focus on protocol development and hand over the exchange to an external team and community separate from Waves, so we can merge all the infrastructure teams into one, synchronizing development work and taking the combined product to a new level.”
Features of Waves.Exchange
As per a Medium announcement, the team has explained the key features of Waves.Exchange platform. The CPU loading is reduced which in turn enhances the speed of the request operation execution. An added TickSize limit hinders any tinkering with the order decimals. This will, in turn, result in fair trade. The announcement further explained that the team is looking forward to extend support to Tether by end of this year.
In an era of exchanges being shut down due to unfair trading, incurring losses, etc; Waves DEX stands out and may emerge as a leader.