How does Kyber manage to swap coins easily?

Modified on Fri, 17 Feb, 2023 at 8:40 PM

Anyone with a significant and diverse portfolio of cryptocurrency assets can become a sort of a private exchange on Kyber. Kyber calls this component of the Kyber Network “Reserves”.

Suppose Mr.A has a significant and diverse portfolio of crypto assets. Mr.A can decide to contribute, let's say, 10000ETH, 5000BNB, and 200OMG to be part of Kyber “Reserve”. Mr.A then sets the exchange rates for coins that he wants to exchange with, let's say, ETH/BTC , BNB/XRP, and OMG/IOTA, which is based on his perception of the future market. This is just one example of the many “reserve” exchanges can put up, as a result, anyone can swap/trade coins and in the case of businesses by integrating Kyber into their system, they can accept diverse sets of digital currency payments.

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