The beta version of Eosfinex, a non-castaodial exchange, is launched in the main network. The trading will start tomorrow at 14:30 MSK. According to Eosfinex Product Director Stephen Quinn, due to access to Bitfinex markets Eosfinex users will be able to "economically" conduct transactions with EOS, USDT and other assets.
Matching orders will be done off-block, while asset storage and settlement will be done on the core network. This approach will speed up the execution of orders, freeing traders from having to wait for the addition of a block with a transaction to the blockchain.
Eosfinex will support popular cryptographic assets including Bitcoin, Ethereum and Litecoin, as well as Equilibrium (EOSDT), LiquidApps (DAPP), Everipedia (IQ) and so-called pToken for compatibility.
The Exchange uses EOSIO technology and, according to the developers, will help solve the problem of low liquidity of tokens, which the EOS community has to face. Also Eosfinex will perform asset stacking for its users.
Eosfinex will use three levels of account verification and will not require proof of identity for trading volumes below 7,500 UDST per day.
On Tuesday, it became known that the Google Cloud service became a candidate for manufacturers of blocks in the EOS system.