RATE Group | Nash launches Bitcoin trading for Tier 2 users, aims to increase offering to all users t…
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Nash launches Bitcoin trading for Tier 2 users, aims to increase offering to all users t…

23 Apr Nash launches Bitcoin trading for Tier 2 users, aims to increase offering to all users t…

Posted at 01:59h in Bitcoin News by

Nash co-founder and CTO, Ethan Fast, recently participated in an interview on Nasdaq Trade Talks to discuss Nash products and services. At the end of the interview, Fast announced the launch of Bitcoin trading on Nash Exchange. At the time of press, Bitcoin trading is available to Tier 2 users who’ve completed KYC and is expected to be available to all Nash users within the week.

Nash initially completed its protocol specification for Bitcoin trading in March 2019, with Fast stating at the time that “what we’ve come up with will provide significant improvements in security and performance over any of today’s exchanges.”

The Nash trading protocol uses simple hashed time-locked contracts (HTLCs) and other scripting primitives to create a state channel solution similar to the Lightning Network, which purportedly allows non-custodial trading of BTC for the first time in the blockchain industry.

An off-chain matching engine will process…

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