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Waves Platform
Waves logo.jpg
Founded 2015
Headquarters Moscow, Russia
Key People Alexander Ivanov, Founder
Products Smart Contract Platform; Cryptowallets
Twitter @wavesplatform
Website Waves.tech
Releases Company News
Blog Blog

Waves is the name for both the company (Waves Platform) and its blockchain as well as for the token associated with its operation (WAVES). In December 2018 WAVES was the 26th most actively traded cryptocurrency according to CoinMarketCap, an industry data aggregator.[1] In late December 2020, WAVES was the 41st largest cryptocurrency by market capitalization according to CoinMarketCap.[2]

Russian press reported in July 2017 that the Moscow Exchange's central depository was partnering with Waves Platform to design a blockchain for digital assets. The proposed platform would enable the depository to provide cryptocurrency support services.[3]

On September 13, 2018, a state-owned Russian conglomerate, Rostec, announced that it would use the Waves Platform to manage data from its 700-company holdings.[4]

In December 2018 Waves announced that the Vostok project, which implements Waves in IT-systems, had received $120 million in funding to from both investors.[5][6]

After about two years of operation the company's decentralized exchange (DEX), Waves.DEX, was shut down in December 2019 by Waves. It had apparently transitioned into a hybrid DEX as its press release discussed transferring customer funds held at the DEX. (A necessary condition for being a true DEX is that the platform does not hold deposits of customer funds.) Waves provided for transferring customer deposits to its cryptocurrency trading platform, Waves.exchange.[7]