Waves DEX Now Supports Ethereum-Based ERC-20 Tokens

Blockchain platform Waves added support for Ethereum-based ERC-20 standard compliant tokens to its decentralized exchange.

On Aug. 22, the platform announced that Waves' built-in DEX began supporting ERC-20 tokens.

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

Waves' team also expressed hope that the new feature will have a positive impact and will attract new traders and assets to the platform.

"Soon, you will see new trading pairs with ERC-20 tokens. Last year, we conducted voting for listing ERC-20 token. Bancor 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, Waves' price - the token is currently trading at $1.31 - is up 1.61% over the last 24 hours.

It is currently the 48th largest cryptocurrency by its 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.