We are happy to announce that our integration with Kyber has been completed, bringing in increased liquidity to Switcheo Exchange.

Kyber is an on-chain liquidity protocol that connects and aggregates liquidity from many different sources. By integrating Kyber as a liquidity source, traders on Switcheo will now be able to see simulated orders from Kyber’s reserves, and match against them at the best possible rates.

The process of tapping into Kyber’s liquidity is done under the hood via direct smart contract interactions, and users do not have to do anything extra to enjoy the improved liquidity.

“We expect the integration to strengthen the overall liquidity on the exchange, providing a higher level of trading activity in Ethereum markets for both Kyber and Switcheo.”

Yik Jiun Lee, CTO, Switcheo Network

Starting pairs will include: MKR/ETH | LINK/ETH | ETH/DAI

Trade on Switcheo Exchange today!

For more information about Kyber Network:

Kyber is an on-chain liquidity protocol that anyone can tap into for a wide variety of inter-token use cases. For example, vendors are able to accept payments in multiple tokens on their e-commerce platforms yet receiving in their preferred token. In addition, dApps can allow users who are not their token holders to utilize their platform and services with other tokens, and decentralized financial projects have the means to rebalance their portfolio instantly.

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This post was originally published on Switcheo blog.