Waves DEX Shuts Down and Relaunches as Hybrid Cryptocurrency Exchange

Decentralized exchange (DEX) Waves DEX shut down to resume operations as a hybrid exchange, Waves announced in a press release shared with Cointelegraph on Dec. 2. The company claims that the new trading platform combines the irreversibility of transactions, safety and user control of funds of decentralized exchanges with the features of centralized trading platforms.

The development and support of the exchange, on the other hand, will now be managed by a separate, dedicated team which will also include former Waves core team members. .. Now it’s time for us to focus on protocol development and hand over the exchange to an  external team and community separate from Waves, so we can merge all the infrastructure teams into one, synchronizing development work and taking the combined product to a new level.”.

Timeline of Waves