Lykke and Hiveterminal Deepen their Partnership on the Cryptocurrency Market

Zug, Switzerland. – November 4th, 2021. Lykke, a Swiss-based commission-free cryptocurrency exchange, and Hiveterminal, a blockchain-based invoice financing platform that offers a peer-to-peer bridge between small businesses, announce their commitment to a deeper partnership. Hiveterminal’s moving to Switzerland was an impulse for the companies to take decisive steps to improve trading conditions for the HVN token and agree on mutual marketing and media support. Hiveterminal offers a solution to entrepreneurs and SMEs who need liquidity to develop their businesses. The company provides a platform where invoice issuers can sell their invoices immediately and receive the whole payment instead of waiting for the due date which may be 30, 60 or even 90 days away. This is what allows invoice issuers to enhance liquidity without resorting to bank credit services or borrowings. The HVN token, listed at Lykke Wallet crypto exchange in 2018, is used to grant its holder the right to claim ownership of invoices on the Hiveterminal platform and is the only payment method available to the invoice buyers to do so. To improve the HVN trading conditions, the HVN/ETH pair has been replaced by HVN/EUR which gives the Hiveterminal users the advantage of a direct fiat gateway. “Hiveterminal has committed to ensuring liquidity for the HVN token and its top trading pairs, this is good news. We are very happy to see the company move to Switzerland’s “Crypto Valley” in Zug; this is an extra motivation to build a strong partnership,” the CEO and founder of Lykke, Richard Olsen, has said. “We are looking forward to making Hiveterminal token (HVN) more accessible to our users. The increased cooperation with Lykke allows us to do so, and we need to grasp the opportunities available to us, at the right time. We share many things with Lykke, the desire for crypto to be a well-established, adopted, and regulated part of the business environment, as well as the fact that Hiveterminal’s recent move to Swiss markets has also brought us closer in the sense of sharing the same country of operations'', Hiveterminal CEO Bonart Mati has stated about the newly signed agreement between Lykke and Hiveterminal. About Hiveterminal Hiveterminal is a European fintech startup, creating a unique relationship between liquidity providers and businesses for working capital. Founded in 2017, the company launched its liquidity-providing platform in its native Slovenia in 2019. Since then, it has already gained trust of more than 4200 Slovenian small and medium-sized enterprises (SMEs) and 420 investors from 58 countries, and partnered with some largest domestic corporations. Hiveterminal allows them to avoid taking out company loans by selling their invoice receivables. They upload their invoice to the platform and fill out all the relevant data. Once the invoice is confirmed by the debtor company as valid, it is sent to Hiveterminal market, where investors can buy the invoice at a discount and get paid the full sum by the company’s original debtor at the invoice due date. About Lykke Lykke Corp is a Swiss-based fintech company that runs the commission-free cryptocurrency exchange Lykke Wallet on which HVN is listed. Lykke Corp is an umbrella entity for a group of companies working on B2B and B2P levels. A Lykke talent spin-off develops blockchain solutions for fintech businesses, Lykke Business is the company that commercializes white-labelled solutions. Lykke Wallet is a product of Lykke, it’s a cryptocurrency exchange operating on both B2B and B2P levels. Lykke Wallet differs from other cryptocurrency trading venues thanks to its cost-efficient trading conditions. The trading fee at Lykke is zero for all traders, both retail and API. The low buy-sell spreads allow for arbitrage and hedging. Other important perks include a fiat gateway, 24/7 human support and the possibility to trade 20+ selected cryptocurrencies at a web terminal or in a mobile app.

Read more

Lykke Wallet Lists Dogecoin for Trading Without Fees

Zug, Switzerland. – October 6th, 2021. Lykke Corp, a financial service and product provider based in Switzerland announces the listing of Dogecoin (DOGE) at its proprietary commission-free cryptocurrency exchange Lykke Wallet. Dogecoin is a cryptocurrency project that grew out of a meme and has become so popular as to occupy the 10th place in the CMC rating (at the time of writing). Dogecoin deposits, withdrawals and trading were enabled yesterday, October 5th, 2021. Dogecoin was originally launched as a joke, ironically highlighting the volatility of the cryptocurrency market. Its protocol is based on Luckycoin and Litecoin and its mining consumes relatively little energy. Dogecoin is meant as a means of payment and it is often used as a cryptocurrency for tipping meme creators in the social media. It does not support smart contracts and is inflationary in nature. The inflation rate is stable and fixed. By drawing on humor and irony, Dogecoin managed to grow in price by thousands of percentage points since its inception in 2013, and to build a substantial community of users. Now Doge traders and investors can buy Dogecoin with zero commission and trade it without trading fees at Lykke Wallet. These trading conditions are specifically favorable for day traders as they can leverage the Lykke zero fee policy in high-frequency trading. Trading pairs: DOGE / BTC DOGE / CHF DOGE / ETH DOGE / EUR DOGE / GBP DOGE / USD How to trade Doge without fees: Users have first to get verified at Lykke Wallet through a simple and fast KYC procedure. Then by using the fiat gateway, they can deposit their funds by bank transfer (with 0 fees) or by credit card (with a 3,9% fee). Crypto deposits are free. After the funds have been credited to your Lykke account, you can exchange them to Dogecoin without trading fees. About Lykke  Lykke is a Swiss-based investment and financial product provider leveraging the power of the blockchain. Lykke runs a proprietary exchange — Lykke Wallet — where clients can buy, sell and store selected cryptocurrencies without trading fees and with low spreads. Our sophisticated trading algorithms allow us to maintain the overall transaction costs very low for the users. While the regulatory compliance and a robust exchange architecture create a safe trading environment.

Read more

Dom Braun appointed new CEO at Lykke Business

Dom brings to Lykke Business more than 20 years of business and management experience  Switzerland & Singapore, 4th of October 2021. Swiss Blockchain pioneer Lykke Business announced on Friday, October 1st that Dom Braun was appointed new CEO of the company. An experienced business and technology leader succeeded Niklaus Mettler and assumed his responsibilities. Niklaus will stay on with Lykke Business as Management Consultant. Dom will start out based in Singapore, before moving to Switzerland. Dom has been in the technology industry for more than 14 years, most recently in the FinTech and RegTech space. He is known as a thought leader with the ability to building up businesses from scratch and revamping existing businesses. While in his previous position as MD APAC with FinTech Episode Six, Dom was crucial to build and expand the APAC business and brand to success for the last 2 years.  Before that, Dom was with global RegTech leader Accuity (now Lexis Nexis Risk), in different regional and global leadership positions throughout his tenure of more than 6 years. “Lykke is a blockchain lab with a suite of unique products and services. I am thrilled that Dom, an expert of scaling successful businesses, has joined Lykke Business as CEO and will build the distribution network for our products and services”, said Richard Olsen, Founder of Lykke. “I am very excited to be part of the Lykke ecosystem to lead and expand their B2B business for its cutting edge Blockchain-based enterprise solutions. With their existing assets and great engineering and product teams, Lykke Business has a strong foundation to be built on with leveraging my market and business experience”, said Dom Braun.   Dom received his MBA degree from Warwick Business School (WBS) and received several awards during his career. About Lykke Business Lykke Business is part of the Lykke ecosystem. Lykke Business builds and operates enterprise solutions powered by Blockchain. They provide business solutions in the dynamic financial-, consumer-, service- and other industry sectors. Their extensive knowledge and experience helped them to serve enterprises by building, launching, and operating innovative and complex solutions powered by Blockchain. For further information please contact Lykke Business: contact@lykke-business.ch

Read more

Lykke Wallet Lists Cardano's ADA

Zug, Switzerland. – September 28th, 2021. Lykke Corp, the Swiss based fintech company running the Lykke Wallet cryptocurrency exchange without fees, announces the listing of ADA, Cardano’s native cryptocurrency. The listing makes it possible to buy Cardano’s ADA without paying fees. The listing announcement follows the Cardano Blockchain Summit successfully held in a number of global locations on September 25-26th, 2021. Lykke Wallet is a commission-free cryptocurrency exchange integrated with a cryptocurrency wallet. Lykke Wallet stands out on the market for having a commission-independent business model. It makes it possible to buy and sell cryptocurrency, such as ADA, with no trading fees and at the same time low spreads. Lykke’s vision and goals are nourished by scientific research in economics and high-frequency finance. The latter is also the basis for the exchange’s zero fee policy, which essentially means that both retail and API traders or investors can trade or just buy ADA with no fees. Cardano is a third-generation blockchain that aims at supporting Dapps, running smart contracts, and providing conditions for better governance. The development of the blockchain follows a roadmap divided into stages, or “eras”, named after famous historical figures. Cardano has just entered a new stage of development, in which the smart contract functionality will be supported. Cardano is a proof-of-stake blockchain, considered to be one of the most environmentally sustainable ones. It runs on the Ouroboros consensus protocol developed by the Cardano researchers. Indeed, the Cardano blockchain is considered to be the first one informed by academic research. “The ADA listing is a major milestone for our community that now can trade ADA for free. We are inspired by Cardano's commitment to scientific rigor and excellence. The listing sets the foundation for a deeper partnership that can serve the bigger community to unlock the full potential of blockchain and smart contracts to democratize finance”, said Richard Olsen, Lykke’s CEO. Frederik Gregaard, CEO of the Cardano Foundation, said, “This listing on Lykke, which will allow its user base to access ADA for the first time, marks another significant milestone in the development of Cardano. Capital bridges and the entry of traditional market makers into the crypto space allows users to leverage liquidity and move seamlessly between fiat and crypto ecosystems. It also serves to both empower our nascent ecosystem and enrich the wider blockchain space.”  Trading Pairs ADA / BTC ADA / CHF ADA / ETH ADA / EUR ADA / GBP ADA / USD How to buy ADA without fees To trade Cardano’s ADA for free at Lykke Wallet crypto exchange the users have to onboard and pass a simple KYC-verification process. The venue offers a free crypto app, a web trading terminal, and a fiat gateway for Euro, CHF and GBP. If you deposit fiat by bank transfer, Lykke will cover the deposit fee (but not the correspondent bank’s fees, if any). After your funds are credited to your Lykke Wallet account, you can exchange them to ADA without trading fees. Find out more and get registered: www.lykke.com/wallet About the Cardano Foundation:  The Cardano Foundation is an independent Swiss not-for-profit organization that oversees and supervises the advancement of Cardano and its ecosystem. The Foundation’s core focus is in developing a Cardano adoption strategy through to integration and execution, to enable fast-track value creation for inclusive and equitable growth. As the custodian of the protocol and the owner of the Cardano brand, the Foundation works to drive adoption and partnerships, grow the wider blockchain community, shape legislation, and commercial standards, and ensure stakeholder accountability. Find out more: www.CardanoFoundation.org

Read more

Chat with the Support Agents Directly in the Lykke Wallet App

Zug, Switzerland. – September 22nd, 2021. Lykke introduces a new feature in the Lykke Wallet mobile apps – a chat with the support agents accessible directly from the mobile device application.  In the cryptocurrency world, technically advanced and not always intuitive, it’s important to have a place to resort to when a technical issue emerges. Many mainstream platforms convert opening a support ticket in a quest in which the user has to surmount a wall of bots making you bounce around the Help Center without any useful outcome. At Lykke, we value each client and offer truly human support centered around resolving our users’ queries asap and in depth. With the commitment to this effort, now our support becomes even more accessible thanks to the support chat feature in the app. Users will now be able to open a ticket and attach screenshots if needed directly from the app. Here are some perks of the new feature: Open a support ticket directly through the app Receive an email notification when you get a reply Interact with the support agents through the app or by email Send a screenshot of the issue you’re experiencing right through the app No more confusion because you’ve sent a support request from a different  email address - send the request from the app and we will automatically be able to check your account. About Lykke Wallet Lykke Wallet is an all-in-one cryptocurrency trading platform available as a web terminal and an Android or an iOS mobile app. Among the features of the Lykke Wallet platform there are zero trading fees, low spreads, selected cryptocurrencies and forex pairs. It offers a safe trading environment thanks to the KYC and AML compliance. We are committed to making the trading experience at our platform as smooth and seamless as possible. The new feature is designed to make our support service more accessible and improve the client experience. Try it now, download the app here and get in touch!

Read more

Lykke Announces the Listing of Polkadot

Zug, Switzerland. – September 20, 2021. Lykke Corp, a fintech firm running the commission-free cryptocurrency exchange Lykke Wallet, announces the listing of DOT, the native cryptocurrency of Polkadot. Polkadot is a scalable, interoperable and secure network protocol for the next generation Internet. Lykke makes it possible to trade DOT without fees. Lykke Wallet is one of the crypto exchanges with the lowest fees at all. The trading fee is zero, the fiat deposit and withdrawal fees are covered for the clients by Lykke (except for the correspondent bank fees). Therefore, both retail and API traders can trade cryptocurrency, such as DOT, without paying fees at Lykke. Polkadot is a true multi-chain application environment where such features as cross-chain registries and cross-chain computation are possible. Polkadot can transfer these data across public, open, permissionless blockchains as well as private, permissioned blockchains. Polkadot envisions an internet where independent blockchains can exchange information and transactions in a trustless way via the Polkadot relay chain. “We would like to welcome Polkadot to Lykke. DOT is one of the leading and prominent assets in the crypto industry, we are truly delighted to integrate such an inspiring open-source project with a great potential for scalability”, said Richard Olsen, Lykke’s CEO. Trading Pairs DOT/BTC DOT/ETH DOT/CHF DOT/EUR DOT/USD DOT/GBP Deposits, Withdrawals, and Trading will be enabled as of today, September 20, 2021 (Listing Date). About Lykke Lykke Wallet is a commission-free cryptocurrency exchange integrated with a cryptocurrency wallet. Its fee-independent business model and powerful market making algorithms create conditions for highly cost-efficient trading. The trading fee at Lykke is completely zero, while the buy-sell spreads remain low. Lykke’s vision and goals are nourished by scientific research in economics and high-frequency finance. The latter is also the basis for the exchange’s zero fee policy, which essentially means that both retail and API traders or investors can trade cryptocurrency with no fees. Get registered to explore the exchange!

Read more

Latest from Lykke.

Subscribe to our newsletter for the latest news, industry insights and product updates straight to your inbox.

How to Do Your Lykke Crypto Taxes With Koinly in 5 Steps (Guest Post)

Wondering how on earth to work out your Lykke taxes? Or how to file your crypto tax at tax time? Koinly explains it all in this quick guide on how to file your crypto tax.

Continue reading

How to Buy Tezos (XTZ) Without Fees

You can buy Tezos with absolutely no fees and this is no joke.

Continue reading

What is a crypto-fiat gateway?

How to buy Bitcoin or other cryptocurrencies with euro, GBP, or CHF? A fiat gateway is a combination of words that you will frequently hear if you decide to enter the cryptocurrency world and buy Bitcoin or other cryptocurrencies in a crypto app.

Continue reading

Lykke Underlying System Improvements: scalability and extended functionality

Lykke Wallet exchange has been on the market for more than five years, it’s a fully functional trading environment that combines a web terminal and mobile device applications.

Continue reading

How to Buy ADA With Fiat Without Fees

Wondering how to buy Cardano (ADA) without fees? It’s easier than you might think.

Continue reading