Lykke is a cryptocurrency exchange platform that was founded in 2015 by Richard Olsen, a former CEO of OANDA. It is based in Switzerland and aims to offer a decentralized financial marketplace for various asset classes, including cryptocurrencies, fiat currencies, and digital tokens.
The Lykke platform utilizes blockchain technology to enable users to trade and exchange assets directly with one another. It functions as a hybrid exchange, allowing both traditional and cryptocurrency assets to be listed. Users can trade various cryptocurrencies such as Bitcoin, Ethereum, and many others, as well as fiat currencies like USD, EUR, and GBP.
Lykke also offers a native cryptocurrency called Lykke Coin (LKK), which can be traded on the platform. LKK is an ERC-20 token and was initially issued as a colored coin on the Bitcoin blockchain. It serves as a utility token for settlement purposes within the Lykke ecosystem, entitling holders to certain benefits such as discounted trading fees and participation in the platform's annual dividend program.
Additionally, Lykke provides a mobile wallet that allows users to securely store and manage their cryptocurrencies. The platform focuses on offering a user-friendly interface and emphasizes security and transparency throughout its operations.
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