Bitcoin Cash (BCH) and Ethereum Classic (ETC) listed in LocalCoinSwap - Cryptocurrency News, Friday October 12th
Bitcoin Cash (BCH) and Ethereum Classic (ETC) listed in LocalCoinSwap
The P2P crypto exchange is planning to add even more
Decentralized Peer-to-Peer (P2P) cryptocurrency exchange LocalCoinSwap has just announced the inclusion of two digital assets to its portfolio. These are Bitcoin Cash (BCH) and Ethereum Classic (ETC).
“New Additions To The Family. Two new major #cryptocurrencies can now be traded directly for fiat on @LocalCoinSwap_ We now have trading options for Bitcoin Cash (#BCH) and Ethereum Classic (#ETC),” reads the tweet by the decentralized P2P platform
With these crypto assets, LocalCoinSwap now supports 13 different cryptocurrencies – these being Bitcoin (BTC), Ethereum (ETH), Binance Coin (BNB), Power Ledger (POWR), Decision Token (HST), Havven (HAV) and its stablecoin Nomin (nUSD), Skrumble (SKM), Waltonchain (WTC), Golem (GNT) and LocalCoinSwap’s own token, the LCS Cryptoshares.
All of these cryptocurrency assets can be traded for any of the supported 16 fiat currencies, such as the US Dollar, the Euro, the British Pound, Japanese Yen, among others.
“The DEV team have worked very hard and will continue to do so in adding more cryptocurrencies to our exchange, giving more freedom, more choice and most importantly more inclusivity,” reads the post.
LocalCoinSwap is a Hong Kong-based, decentralized P2P crypto trading platform, similar to the likes of LocalBitcoin and Localethereum in which users can trade between a specific virtual coin and fiat currency. However, the main difference between these and LCS is that the latter is not limited to one single crypto asset to trade with, but has support for 13 more, including its own token, the Cryptoshare.
This native token, according to the platform, will facilitate the distribution of the site’s profits to their holders on a 1-to-1 basis. Additionally, it enables those who hold this token to vote on the governance of the platform via a Proof-of-Stake voting system, and to receive airdrops of new ICO tokens listed on the platform.
As stated above, the platform allows for exchanging between crypto and fiat, but according to their FAQ, a crypto to crypto trading feature will be implemented in the future. This feature will roll out in two stages; the first one consists of one crypto transacted on-platform, while the other off-platform; and the second stage will see both assets being transacted within the exchange.
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