BitShares Token Listed on Lykke Exchange

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Lykke, a Fintech company building a regulated, blockchain-based global marketplace, and BitShares, a decentralized financial exchange technology, announced plans, on Friday, to make the BitShares core asset, the BTS token, available for trade on the Lykke Exchange and to implement the BitShares blockchain on the Lykke platform.

Investors will now be able to buy and sell BTS alongside other currencies, crypto and fiat, according to the company’s statement.

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This listing means a significant expansion for BTS, said the statement. As one of the oldest, decentralized blockchains, BitShares claims a transaction volume that is higher than BTC and ETH combined. It aims to provide a high-performance, decentralized financial exchange for cryptocurrencies and other digital assets. The network seeks to offer price stability through SmartCoins, whose value is tied to that of another asset, such as USD, and is fully backed by the BitShares-native BTS token.

Lykke is a cryptocurrency exchange and wallet, headquartered in Switzerland, according to data from Token Report. Lykke announced, last Tuesday, that it would list the Bancor network token (BNT) on its exchange.

Richard Olsen, Lykke founder and CEO stated, “We are delighted to be partnering with BitShares Blockchain Foundation. Innovative ideas, for a fast, decentralized, scalable exchange that actively promotes price-stable conditions, will undoubtedly shape the future of our industry.”

Fabian Schuh, CTO, and Annemieke Dirkes, CEO at BlockchainProjects BV (and the official spokesperson for the BitShares Blockchain Foundation), both stated that they are looking forward to bringing the collaboration with Lykke to fruition. “A great opportunity for BTS holders! The collaboration with the entire Lykke team is off to a great start, and we all look forward to the listing,” said Dirkes.

The BitShares Blockchain Foundation is registered in the Netherlands.

For more information on Bitshares, visit: http://bitshares.foundation

For more information on Lykke, visit https://lykke.com

 

About Adriana Hamacher

Managing editor, Blockchain News ★ Cryptoassets advisor ★ Ex-BBC reporter/producer ★ Award-winning writer ★ Robot tamer

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