What is swapcoins?

Swapcoins.com, is a cryptocurrency aggregator bringing the crypto trader all the best pricing to swap between different cryptocurrencies in one place. Compare prices and swap at the most competitive rates. No wasted or lost opportunities!

What is a cross currency swap called?

Currency swap. In finance, a currency swap (more typically termed a cross-currency swap (XCS)) is an interest rate derivative (IRD). In particular it is a linear IRD and one of the most liquid, benchmark products spanning multiple currencies simultaneously.

Why do you need a coin swap?

As the coins on the initial blockchain may be incompatible with the new one, it becomes necessary to initiate a swap to carry users from the old blockchain to the new one. A Coin Swap is used by developers when they want to carry users from one blockchain to another.

What was the first currency swap?

The first formal currency swap, as opposed to the then used parallel loans structure, was transacted by Citicorp International Bank for a $US100,000,000 10 year US Dollar Sterling swap between Mobil Oil Corporation and General Electric Corporation Ltd (UK).