Switcheo, a leading decentralized exchange (DEX) established on the Ethereum and NEO blockchains, has launched its DEX on the EOS blockchain in collaboration with Obolus. Obolus is a blockchain research and development company founded by former scientists experienced in algorithmic trading, that have developed cutting edge decentralized trading technology using their experience in financial markets. The Singapore-based blockchain startup is a non-custodial digital asset exchange currently supporting assets from NEO, Ethereum, EOS blockchain.
Founded in 2017 by Henry Chua, Ivan Poon, and Jack Yeu, Switcheo Network’s mission is to redefine transparency in the conventional financial system today, starting by giving back to the people their financial freedom which centralized entities now hold. Described as a combination of smart contract technologies with modernistic trading interface, Switcheo Exchange is designed to bring a superior user experience equipped with maximum security that protects EOS traders from hacks.
“This launch has allowed us to be one of the first non-custodial exchanges on the EOS blockchain,” said Ivan Poon, CEO of Switcheo, stating that not many decentralized exchanges on EOS allow users to retain ownership of their funds.