Switcheo Network, the first decentralized exchange on the NEO blockchain which allows trading of Ethereum, NEO, and now EOS tokens, announced today that its anticipated EOS DEX is live.

The EOS DEX market first announced last month, is a marriage between Switcheo’s modern trading interface and Obolus’s powerful on-chain matching engine. The EOS DEX is a fully trustless, fair and transparent platform designed for users to trade on the EOS blockchain seamlessly and securely.

To easily onboard users, the new EOS market was launched with a proprietary staking system, which pays network fees for the users while they interact with the exchange contract. This first-of-its-kind system will allow users to trade on Switcheo without staking their own EOS tokens.

EOSPark was selected as Switcheo’s preferred EOS block explorer, along with Scatter as the first EOS wallet available with the new trading market.

Atomic Swap Market Additions

This past week it was also announced that Switcheo will now list NEO/ETH and SDUSD/DAI atomic swap markets.

Traders will finally be able to buy or sell NEO with ETH in a trustless manner for the first time, via Switcheo’s cross-chain atomic swaps.

The Ethereum based stable coin (DAI) can also now be directly swapped for Alchemint’s token NEO based stable coin (SDUSD) in a swift and liquid manner.