PlasmaPay Launches PlasmaSwap Decentralized Exchange For Professional Traders

Amidst sharpened interest from institutional investors, PlasmaSwap paves the way for a new generation of DeFi trading with improved UI, and the first ever fully decentralized implementation of limit trades

New York – March 5, 2021 – PlasmaPay, a global, digital payment platform enabling seamless entry into decentralized finance (DeFi), announces the launch of PlasmaSwap, a decentralized exchange (DEX) providing fast, secure and liquid trading with an industry-leading user-experience (UI) for professional traders. 

The launch of PlasmaSwap fills a market gap in institutional trading, with an improved UI geared specifically towards professional traders. Pushing the boundaries of what it means to be fully distributed, PlasmaSwap will offer the first fully decentralized implementation of limit trades. At present all other DEX’s use centralized order books, resulting in expensive gas fees. On PlasmaSwap, users save on gas fees and maximize profits in a truly decentralized manner, while also removing the reliance on centralized order books. Limit orders smart contracts will be interacting with Ethereum 2.0, and traders will be able to trade on swap without an ETH balance.  

Ilia Maksimenka, CEO of PlasmaPay said, “Existing decentralized exchanges lack the streamlined user experience and intuitive ease of use of their centralized counterparts. They also tend to lack liquidity for most trading pairs. The launch of PlasmaSwap is an evolutionary leap towards making this exciting technology a reality for professional traders and institutions looking to enter the DeFi space. In this constant flux, where new and improved technologies are being introduced and accepted rapidly, the advancements brought by PlasmaSwap decentralized exchange will accelerate the process of unifying the old and new financial paradigm.”

Professional arbitrage traders will be able to leverage PlasmaSwap’s Flash Rebalancer tool to rebalance liquidity for one trading pair to many in one transaction, giving traders the benefit of saving vastly on gas fees. In addition, PlasmaSwap will introduce PlasmaVaults, a tool designed for institutional investors which provides a multisig account (wallet) that can be controlled by many people, enabling truly decentralized trading. 

PlasmaSwap will be integrated into the Plasma.Finance platform, elevating the status quo of trading by providing the toolkit required for an intuitive trading experience. The DEX will also offer users industry-leading DeFi analytics from Binance and Kraken dashboards, including trading view, trading data and liquidity depth. 

Providing fiat on/off ramp services to more than 100,000 cryptocurrency users from over 165 countries via mobile and desktop apps, PlasmaPay is building a blockchain ecosystem that will enable users to easily enter the cryptocurrency space and participate in DeFi activities across multiple chains from a single interface. PlasmaPay uses blockchain technology to allow users to securely store crypto and fiat currency, buy and exchange digital assets, send and receive cross-border payments, and build payment networks with zero transaction fees. Its mission is to create an open, intuitive financial platform allowing the world to unlock the full potential of blockchain technologies.

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Ilia Maksimenka, CEO of PlasmaPay and Plasma.Finance, is available for an interview.

About PlasmaPay

PlasmaPay is a global digital payment platform enabling seamless entry into decentralized finance. PlasmaPay provides industry-leading UX, crypto/fiat wallets, and fiat on/off ramp services to more than 100,000 cryptocurrency users from over 160 countries via mobile and desktop apps. Headquartered in Tallinn, Estonia, PlasmaPay uses blockchain technology to allow users to securely store crypto and fiat currency, buy and exchange digital assets, send and receive cross-border payments, and build payment networks with zero transaction fees. 

The launch of native token PPAY will be the underlying utility of the upcoming Plasma Finance Dashboard, built to be the operating system for the entire DeFi ecosystem. CEO and Founder Illia Maksimenka, along with a highly talented team of 40+ cybersecurity developers, economists, and business professionals are deeply committed to their mission of creating an open, intuitive financial platform that will allow the world to unlock the full potential of blockchain technologies.

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Visit the PlasmaPay Website: www,plasmapay.com/

Visit the Plasma.Finance Website: plasma.finance

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PR Contact

Masha Prusso – e:masha@plasmapay.com

Images of Ilia Maksimenka, CEO of PlasmaPay: https://www.dropbox.com/sh/jnul62y1r8facv3/AAAfE5S-4zh4dqIbItstTVT3a?dl=0 

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