Non-wrapped bitcoin trading on a non-custodial exchange is now possible

I wanted to share some excitement for a project that finally achieved non custodial bitcoin trading.

So before you judge this post, realise this isnt an atomic swap or wrapped bitcoin. This has already been achieved. No, this is real bitcoin trading against ethereum and usdc with order books etc.

I find this to be a exciting achievement because i kind of hate binance and the power centralised exchanges hold. Bitcoin set the example of users holding assets themselfs. No need for banks. Yet these centralised exchanges more act like banks...and users store their btc there like bitcoin was made to be stored on banks.

If you want to try it yourself, head to http://nash.io/ you can trade up to 1k usd without needing KYC. Again, you hold the keys here. And the funds are also still yours while they are in the trading contracts.

I can also understand the people who would not like the kyc requirement on the bitcoin community though, but i think its good to bring more adoption to bitcoin. Also be aware that they are still monitoring the state channels that process these transactions, and therefore for safety put a limit of 1 btc per user on for now.

Thanks for reading!

Submitted April 25, 2020 at 02:20PM by borgqueenx https://ift.tt/356hEti