Waves DEX Now Supports Ethereum-Based ERC-20 Tokens

Blockchain platform Waves has added support for Ethereum-based (ETH) ERC-20 compliant tokens to its decentralized exchange (DEX).

The platform announced the new feature on Aug. 22, and hopes it will have a positive impact on the crypto community.

Recently, the Waves team also launched a new gateway with support for Vostok and Ergo tokens.

High hopes for the feature

The Waves team is also aiming to attract new traders and assets to the platform. The post also promises:

“Soon, you will see new trading pairs with ERC-20 tokens. Last year, we conducted voting for listing ERC-20 token. Bancor (BNT) won the voting and became the first candidate for listing on Waves DEX. So, we made it. [...] The next asset that can be added via gateway is ETH. Then, we will add BTC support. It is scheduled for September.”

According to Coin360, the price for the WAVES token — which was $1.31 at publication time — is up 1.61% over the past 24 hours. It is currently the 48th-largest cryptocurrency by market capitalization.

As Cointelegraph reported in July, major crypto exchange Binance added support for multiple DEXs to its Trust Wallet by integrating the Kyber Network protocol.