KuCoin, one of the leading cryptocurrency exchanges in the world, has announced integration of DEX aggregator 1inch Network to allow for native swaps that will benefit the exchange’s users across the globe.
The 1inch partnership and enabling of native swaps will bring low price and fast transfers to decentralised finance (DeFi), benefitting users across all decentralised exchange platforms, KuCoin noted in a press release shared with Invezz.
To achieve these benefits, the wallet will tap into the DEX aggregator’s Pathfinder algorithm and API to enable cross-chain swaps and give customers faster, cost-effective transfers.
Jeff Haul, Head of KuCoin Wallet said in a statement:
We are always striving to make our product cater to the needs of all investors. Swap is a high-frequency feature of the wallet and 1inch is one of the most popular DEXs in the Web3 industry, so we work together through native integration to provide a smooth and cost-effective trading experience for our users.”
As noted in the press release, KuCoin’s status as a gateway to Web3 will also benefit from this partnership, with the platform opened up to further growth within the broader blockchain ecosystem. Particularly, the exchange expects the 1inch integration will help it expand its presence in the DeFi space, the target being to boost the growth and adoption of Web3 applications among users.
About KuCoin Wallet
The KuCoin Wallet, powered by the KuCoin ecosystem, is a secure self-custody crypto wallet with multi-chain aggregation support. It is the official KuCoin wallet, serving over 10 million users. The KuCoin exchange launched in 2017 and offers access to over 700 cryptocurrencies to customers across 207 countries.
The platform offers multiple crypto services and features, including spot trading, staking, futures trading and lending.
The post KuCoin Wallet integrates 1inch for native swap functionality appeared first on Invezz.
from Cryptocurrency – Invezz