Financial News

CrowdSwap Finalizes The First Decentralized ETF, Launches Zero Fees, and Is Ready for Release

COLOGNE, GERMANY / ACCESSWIRE / April 26, 2024 / CrowdSwap, a popular Cross-Chain exchange, is finalizing ETF bridge testing and is ready to enter the new chapter of its business. The way they do it is unique in and of itself as well, being able to buy an ETF and exchange it for a variety of coins like BNB, USDC, or USDT (the number of possible tokens to convert to is an ongoing work in progress currently). However, a completely new and improved version of the exchange is coming to their platform. The latest version is scheduled for release on the 25th of April 2024.

The fresh version will offer lower fees due to CrowdSwap's goal to reduce cross-chain fees in general and will be much more user-friendly. This unparalleled characteristic signifies a key moment for the platform. Through steadfast dedication to streamlining DeFi, CrowdSwap's newest advancement promises to reshape the sector and foster increased accessibility and acceptance.

"At CrowdSwap, we're committed to keeping up with the latest trends and actively shaping them. Our focus on being the first to offer ETFs on our platform is a promise to our users. This strategic initiative is designed to enhance how our users manage their digital assets, providing unmatched flexibility and access. We're here to set new standards, not just meet them." - Christian Mülder, Co-founder of CrowdSwap.

Moreover, the exchange is launching a two-week fee termination (excluding protocol fees, which will be charged as network gas and smart contract executions) right after the planned launch of the newly improved exchange. Like all its services, CrowdSwap's new bridge will not require you to hand over personal details. For the first time, this functionality introduces the easiest investment method available today. Users can seamlessly purchase every token included in the Bullrun ETF using any token they hold in just a handful of clicks. This approach saves users 90% of the time it typically takes and drastically cuts down on transaction costs. Constructing a portfolio with the same tokens found in the BullRun ETF would involve moving money across various blockchains and buying each token separately. This breakthrough is changing the DeFi investment scene, making it easier and more streamlined.

An exciting update arriving on the 25th of April! CrowdSwap's forthcoming updates will introduce a series of enhancements designed to elevate user interaction with the platform and enrich the overall user experience. I look forward to improvements that will streamline activities and make time on the platform more delightful.

Here's what to expect:

Enhanced visibility of CROWD in the transaction pathway, highlighting its crucial role in enabling cross-chain transactions;

New security protocols to fortify our distinctive feature of cryptocurrency transfers;

A refined process for selecting custom tokens directly via a URL for a smoother experience;

A simplified method to explore and acquire trending tokens;

Display VIP Club scores directly on the portfolio page, giving users insight into their exclusive benefits;

Development of an intuitive tool designed to collect feedback from users, helping the team tailor the platform to meet your needs better.

About CrowdSwap

CrowdSwap, founded in 2020 in Germany, is a decentralized platform dedicated to cryptocurrency trading and generating passive income within the finance sector. It aims to simplify the DeFi trading sphere for traders and companies alike worldwide. The platform is also broadening its business-to-business offerings through a proprietary Cross-Chain Swap Widget designed for white-label use, which broadens market opportunities for cryptocurrency initiatives.

CrowdSwap has made steady advances by prioritizing technological advancements and strategic planning for future expansions. Notable milestones for 2024 include the introduction of a no-seed smart wallet, a Telegram-based DeFi bot, an increase in decentralized ETF offerings, and evolving into a decentralized autonomous organization (DAO). Moreover, CrowdSwap has successfully obtained the necessary approvals and funding to establish a bridge to the DeFi-Chain, representing a significant stride forward.

For media inquiries or partnerships, please get in touch with Peer Schröder, Partnership and BD Manager, sales@crowdswap.org

SOURCE: CrowdSwap



View the original press release on accesswire.com

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