Lykke Lists a New VLD/USDT Pair
Zug, Switzerland. – April 28th, 2022. Lykke, a no-fee crypto exchange based in the UK, and Vetri, a foundation for data ownership, announce the launch of a new VLD/USDT pair for trading with zero fees on Lykke crypto exchange. The new pair has replaced the originally listed VLD/BTC and VLD/ETH ones. “You are just a number to us” says the website of Vetri, a platform that brings together data owners and data buyers. Users can share their data in a completely anonymized form with marketers, researchers, and other data consumers. The system is powered by the VLD token that allows users to monetize their data. “The Vetri team are our friends; we have been working with them for many years. Our collaboration is a success story: Vetri has a rapidly expanding loyal community thanks to the cost benefits of its offering where the trade for free policy of the Lykke exchange is instrumental,” said Richard Olsen, the founder and CEO of Lykke. “We are happy to continue our long-lasting partnership with Lykke. As we grow our business and therefore organic demand for our VLD token, we are finally well positioned to bring organic demand generated from our VETRI app to the exchange. We have grown to 30k monthly unique active users in the USA and are starting our European journey now. In the past years, we have been busy building a compelling product. With this, we can now come back to our token, the heart of our ecosystem, and finally start marketing it,” said Jonathan Llamas, Vetri’s Member of the Board of Directors. About Vetri VETRI allows you to securely store and control your data. On top of it, the platform has built a marketplace (the VETRI app) which enables its users to monetise their data and opinions, being able to exchange specific data points to data consumers or answer surveys, exchanging their opinions’ for the platform’s native crypto, which can be redeemed for cash equivalent (Paypal or gift cards). The foundation was built in 2018 and has been growing ever since. The roadmap features an expansion of marketing partnerships and staking/yield farming of the VLD token. About Lykke Lykke is a Swiss-based group of fintech companies developing and implementing blockchain-based solutions and products. One of its key offerings is the no-fee crypto exchange Lykke where users can trade cryptocurrencies totally for free. The exchange has been on the market since 2015 and offers more than 20 selected cryptocurrencies. Other features include 24/7 support, robust API for high-frequency trading and free deposits by SWIFT and by SEPA. To start trading, please register here.
Lykke Increases its Fiat Deposit Limit to 50000 EUR
Zug, Switzerland. – April 20th, 2022. Lykke zero fee crypto exchange based in the UK announces that fiat deposit limits at its venue have been increased for low-risk countries. Trading, especially cryptocurrency, is a risky activity, which is why regulators impose measures to protect traders and investors. Lykke has always highlighted its commitment to high-security standards and the AML and KYC regulations. Among these measures are fiat deposit limits that allow exchanges to better comply with the AML best practices. At the same time, deposit limits are a hurdle for professional traders and investors who operate with significant amounts of funds. With the view of finding a balance between the regulatory best practices and users’ interests, Lykke is increasing fiat deposit limits for low-risk countries to an equivalent of 50’000 EUR per 30 calendar days. This amount you can deposit with your regular KYC status. In case you desire to exceed this limit, please contact our support team to submit proof of funds. At the same time, in case you are located in a jurisdiction that belongs to a different risk category, you still can have a higher deposit limit, but, similarly, we will require a document proving the legal origins of your funds. For a full list of Countries Risk Ratings, please check this page. About Lykke exchange Lykke is a no-fee cryptocurrency exchange that stands out from its mainstream competition thanks to its fee policy. We do not charge any taker or maker fees, fiat deposit or withdrawal fees. Crypto deposits are also free of charge, while crypto withdrawal fee amounts depend on each asset. Lykke has been on the market since 2015 and has gained a reputation for being a transparent and API-trading-friendly crypto exchange with no hidden fees, robust architecture and human support.
Lykke and Merkle Science Announce their Cooperation
Zug, Switzerland. – April 13th, 2022. Lykke Corp, a financial service and product provider based in Switzerland, announces its cooperation with Merkle Science, a Predictive Crypto Risk & Intelligence Platform. The companies join their forces to enhance the security level on the Lykke zero fee crypto exchange. Merkle Science provides next generation crypto threat detection, risk management and compliance for businesses, banks and government agencies. The company was founded in 2018 and is based in Singapore. Since its inception, the company has been steadily growing in the space of blockchain analytics and crypto compliance. Merkle Science’s flagship product, Compass, is a next generation transaction monitoring and wallet screening solution which will be used by Lykke. Some of the company’s other salient solutions include: > Transaction screening and wallet monitoring > Crypto crime investigation > Enhanced due diligence and entity reporting > Crypto compliance and investigation training Lykke is committed to creating a safe and secure trading environment by complying with the KYC and AML regulations. We not only implement the industry’s best practices, but also continuously improve our exchange infrastructure to monitor and avoid any kinds of risks. By implementing Merkle Science’s Compass solution, we enhance our system with a powerful AI-driven transaction screening tool. This is another milestone in our process towards a more optimized infrastructure and a more scalable underlying architecture. “By cooperating with Merkle Science we enhance our compliance standards in the view of our commitment to getting regulatory approvals. Creating a safe trading environment for our customers is one of our priorities and AI powered tools are a great step forward in this direction” - said Richard Olsen, the CEO and founder of Lykke. “Our partnership with Lykke is founded on a shared vision - that the gap between traditional finance and blockchain can be bridged by creating the infrastructure to support crypto’s safe and healthy growth. We are proud to provide the technology to support their commitment to regulatory compliance and consumer protection.” - said Mriganka Pattnaik, CEO and founder of Merkle Science About Lykke Lykke Corp is a Swiss based fintech company that operates on a B2B and a B2C level. The company offers blockchain products and services that aim at democratization of finance. The main product offering of the group is the Lykke crypto exchange based in the UK. The platform offers unique trading conditions, such as zero fiat deposit and withdrawal fees and zero trading fees for all assets. The absence of taker and maker fees makes the venue particularly attractive for API and institutional investors and traders. The company was founded in 2015 and since then has gained a reputation as a transparent business and a safe trading platform.
Lykke Lists BNB (BSC)
Zug, Switzerland. – April 19th, 2022. Lykke Corp, a financial service and product provider based in Switzerland, announces the listing of the Binance Coin - BNB (BSC) on its UK-based zero fee cryptocurrency exchange Lykke. BNB is the native cryptocurrency of the Binance Smart Chain which is integrated with Lykke. The issuer, Binance, is one of the biggest crypto exchanges, however, its coin is available on quite few trading venues apart from Binance itself. Now users can trade it with zero taker and maker fees on Lykke exchange in pairs with: BNB/BTC BNB/ETH BNB/CHF BNB/EUR BNB/GBP BNB/USD BNB/USDC BNB/USDT BNB was launched in 2017 as an ERC20 token, but in 2019 it was converted into a coin. The coin has numerous applications: it is used by different platforms as a means of payment. It is one of the available coins at different crypto card programs. It is also used by different DeFi platforms for different purposes. However, trading of BNB without paying trading fees is only possible on Lykke exchange. Moreover, Lykke has very competitive withdrawal fees. This is particularly good news for day and API traders who speculate with BNB. To start trading BNB with zero fees, sign up here. About Lykke exchange Lykke crypto exchange is a UK-based crypto trading platform that offers uniquely favorable trading conditions for all types of traders: retail, algorithmic and corporate. There are more than 20 selected cryptocurrencies with solid liquidity. Lykke exchange was launched in 2015 and since then has steadily maintained its zero trading fee policy. Apart from the trading conditions, Lykke offers a robust API, human support and a safe trading environment. It is compliant with AML and KYC regulations and guarantees high standards of security.
Zug, Switzerland. – April 8th, 2022. Lykke Corp, a financial service and product provider based in Switzerland, announces the listing of Kusama (KSM) on its UK-based zero fee cryptocurrency exchange Lykke. KSM is the native asset of the Kusama network which was successfully integrated with Lykke. Deposits, withdrawals and trading of KSM with zero taker and maker fees have been enabled on the exchange in the following pairs: KSMBTC KSMCHF KSMEUR KSMGBP KSMUSD KSMUSDC KSMUSDT About Kusama Kusama was launched in 2019 by the founder of Polkadot and co-founder and former CTO of Ethereum, Gavin Wood. The team uses practically the same code-base as Polkadot and serves as sort of a testing environment for Polkadot projects. There are different advantages of using the Kusama network for developer teams and startups. First of all, they can test their technology with low barriers to entry but on a real blockchain. It is a real network with a real asset and a real community. Secondly, the projects can start building a community and improve their visibility at a very early stage before passing to Polkadot. And finally, some projects may prefer staying on Kusama instead of deploying on Polkadot to benefit from its innovation. New features become available on the Kusama network before being implemented in Polkadot. However, it is also worth mentioning that it may be adequate for those teams who value speed and innovation more than stability and reliability. The architecture of the network is quite similar to that of Polkadot: it has a primary Relay-chain and user-generated parachains. These are custom blockchains that use the computer power of the Relay blockchain to confirm the accuracy of the transactions. Kusama uses a variation of a Proof-of-Stake protocol with an option of nomination. The network is governed through staking, which requires users to block a certain amount of their KSM holdings to make the consensus mechanism work. Users can assume two roles: validators, who validate transactions in parachains and govern the main network, and nominators, who are responsible for selecting the validators. Nominators elect validators by delegating them their staked coins. Any user can assume these roles by purchasing and staking their KSM coins. At Lykke you can buy KSM with zero deposit and trading fees. About Lykke Lykke exchange is a crypto trading venue registered in the UK and operating in more than 100 countries. It was launched in 2015 by the homonymous Swiss fintech Lykke. The exchange uses a unique business model that allows it not to depend on trading fees and at the same time offer to its customers a secure and compliant environment. There are more than 20 selected cryptocurrencies with liquidity and tight buy-sell spreads. Lykke is one of the best crypto exchanges for API trading because it charges no taker or maker fees whatsoever.
Lykke Exchange Lists Matic for Trading Without Fees
Zug, Switzerland. – April 4th, 2022. Lykke Corp, a financial service and product provider based in Switzerland, announces the listing of Polygon (MATIC) on its UK-based zero fee cryptocurrency exchange Lykke. MATIC is the native token of the Polygon ecosystem. It is used to govern and secure the network through staking and fuels the interaction between multiple dApps of the ecosystem. Deposits, withdrawals and trading of MATIC with zero taker and maker fees have been enabled on the exchange in the following pairs: MATIC/BTC MATIC/CHF MATIC/EUR MATIC/GBP MATIC/USD MATIC/USDC MATIC/USDT The token can be deposited to Lykke through the Ethereum network. About Polygon (Matic) Polygon is a project that defines itself as “built by developers for developers”. It comprises a number of Ethereum network scaling solutions. It aims at reducing the network fees for Ethereum apps and fosters platform interoperability. By offering scaling solutions and the necessary infrastructure, Polygon contributes to the development of Web3.0. The third version of the Internet is characterized by decentralization. In this new global network, users will not only be customers or products, but also stakeholders with decision-making power. The company was founded in India in 2017 as Matic and renamed to Polygon in 2021. It is based worldwide and its key audience is highly technical, such as gamers. However, anyone, regardless of the tech level, can benefit from the scaling solutions developed by the company. MATIC, its native token, has appreciated in value by thousands of percentage points since it was issued and later listed on mainstream exchanges. It is an ERC20 token required to fuel transactions on Polygon. This creates a continuous demand for MATIC tokens. The blockchain uses a Proof-of-Stake protocol and MATIC holders can become validators by staking their tokens. Essentially, Polygon is an Ethereum side-chain that allows users to process transactions with a much higher speed than Ethereum and at much lower fees, while benefiting from Ethereum’s security. In summary, there isn’t anything you can do on Ethereum blockchain that you wouldn’t be able to do on Polygon. Therefore, Polygon blockchain has been attracting more and more dApps and crypto projects recently, becoming one of the most used underlying blockchains, along with Ethereum and BSC. About Lykke Lykke is a cryptocurrency exchange with no trading fees. Users can buy Bitcoin and other crypto currencies without paying taker and maker fees even if they do it using a crypto bot. Lykke was founded in 2015 and is registered in the UK, however, the headquarters of the Lykke Corp is located in Switzerland. Apart from zero trading fees, Lykke exchanges has other perks that make is an one-stop-shot for cryptocurrencies: fiat deposits via bank transfer without fees, 20+ top cryptocurrencies, API, human support, and a safe trading environment from the point of view AML and KYC compliance and system security.
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