The hybrid decentralized exchange Ethfinex Trustless has launched a distributed OTC-platform, where the exchange is carried out through atomic swaps, and the escrow accounts are completely excluded from the transaction process.
No more escrow!
Today we launch our blockchain enforced OTC service, removing the need for placing trust in escrow or counter-parties.
Get trading today – https://t.co/FEVUlrqfZ7 pic.twitter.com/JrGUom8Z5l
— Ethfinex (@ethfinex) June 3, 2019
The commission on the new platform is significantly lower than the traditional OTC markets 0.02% of the transaction versus 2-5%. At the same time, there is no centralized book of orders on the exchange and a matching application mechanism (matching), which allows users to trade any ERC-20 token, as well as specify customized Ethereum addresses for tokens that are not traded at all on other sites.
