Kyber Network (KNC) Launches KyberSwap For Token-to-Token Transactions

Kyber Network Releases New Token-to-Token Transaction Feature

Kyber Network (KNC) Launches KyberSwap For Token-to-Token Transactions

The Kyber Network, an important decentralized exchange protocol, announced one of the latest updates on the KyberSwap platform that will support new token-to-token transactions.

The information has been released by Kyber Network on Twitter on July the 8th. Now it is possible to process Token-to-Token transactions on KyberSwap.

In this way, it is possible for investors to connect their favourite wallets directly to the exchange platform. This permits to create instant transfers without having to use a centralized order book. At the moment the KyberSwap network supports MetaMask, JSON, Trezor and Ledger wallets, in the future, other other devices may be supported.

At the same time, there are currently available on the platform over 35 different ERC-20 tokens, including OmiseGO (OMG), Decentraland (MANA), Enigma (ENG), and Ethos (ETHOS). Before this integration, these tokens were convertible only via an Ethereum relay intermediary.

KyberNetwork is now the 77th most important virtual currency in the market according to CoinMarketCap. It is being traded around $1 dollar. It reached an all time high of $5.84 dollars.

The current price is related to a bear market that affected to whole cryptocurrency market in the last months. Just a few virtual currencies registered gains this year.

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