In a strategic transfer to reinforce its crypto buying and selling capabilities, Exodus Motion (EXOD), one of many main crypto pockets manufacturers, has teamed up with Ledger, a number one blockchain {hardware} producer, to launch a brand new crypto alternate aggregator.
Ledger Companions with Exodus for New Cryptocurrency Trade Characteristic
The introduced partnership introduces the XO Swap characteristic, which can be built-in into the Ledger Stay app.
XO Swap will permit customers to connect with third-party alternate APIs to swap between hundreds of cryptocurrency pairs instantly from their custodial wallets. This new characteristic emphasizes consumer management and safety, and differentiates itself from conventional centralized exchanges by offering on-chain swaps.
“This integration differentiates itself from centralized alternate platforms by prioritizing consumer management and safety,” the businesses mentioned in a press launch.
The unified alternate service will leverage a number of third-party platforms, permitting customers to obtain exchanged belongings instantly into their Ledger wallets. The service will initially be accessible on desktop, with a cellular model additionally anticipated to observe.
Recognized for its deal with safe crypto storage, Ledger goals to interrupt down the limitations between totally different blockchain ecosystems by embracing the multi-chain way forward for the crypto trade.
Regardless of Exodus Motion’s current monetary struggles, which noticed it report a quarterly lack of $10 million in August after making a revenue of about $2 million final yr, the partnership with Ledger represents a big transfer to broaden its service choices and capitalize on the rising demand for safe, decentralized buying and selling choices.
*This isn’t funding recommendation.