Crypto-Follow logo Crypto-Follow logo
Seeking Alpha 2022-05-23 18:08:59

Coinbase Wallet to support token swaps on BNB Chain and Avalanche

Coinbase (NASDAQ:COIN) Wallet is expanding to support token swaps on BNB Chain (formerly Binance Smart Chain) and Avalanche (AVAX-USD), "letting you swap a greater variety of tokens than most traditional centralized exchanges can offer," the company said Monday. That's in addition to the Ethereum (ETH-USD) and Polygon (MATIC-USD) networks it already supports. "Coinbase (COIN) Wallet's in-app DEX (decentralized exchange) makes it easy to access these types of tokens through its trading feature, which compares rates across multiple exchanges through the Ox API," the company said. More networks will be available in coming months, and Coinbase (COIN) plans to add support for network bridging, allowing users to move tokens across multiple networks. More than $1T were traded on DEXs in 2021, up 858% from 2020, the cryptocurrency exchange said. In April, BTCS (BTCS) added Polygon (MATIC-USD) to its blockchain infrastructure operations

#
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer