Waves Shuts Down DEX, Launches Hybrid Exchange Instead

The company said that it would shut down its decentralized cryptocurrency exchange, launching a hybrid platform shortly thereafter. With the new exchange platform under its bet, Waves announced that it will now focus on other projects.

Ivanov reason that it’s time for the company to “Focus on protocol development and hand over the exchange to an external team and community separate from Waves.” The company managed to secure $120 million in funding in order to develop a private blockchain system integrator and platform by the name of Vostok.

Timeline of Waves