Crypto.Com Has Launched a DeFi Exchange Based on Uniswap

2020-9-12 18:19

Crypto.com has launched a DeFi swap service, which allows investors to trade their Ethereum-based ERC-20 tokens.

Eight Coins Supported

The app currently supports eight coins: Ethereum (ETH), Compound (COMP), Crypto.com Token (CRO), Dai (DAI), Chainlink (LINK), USDC, Tether (USDT), and Wrapped ETH (WETH).

Cryptocurrency is drawn from a pool funded by various liquidity providers, and prices are adjusted to provide the “best available rate.”

In addition to swapping coins, users can stake their tokens through the app’s “pool” and “boost” features to earn interest on their holdings. Crypto.com offers higher rates to those who hold its native CRO token—a 20x bonus for those who stake in the highest tier.

The app has been forked from Uniswap v2, a popular decentralized exchange (DEX). Changes to the app have been audited by Crypto.com and by the blockchain firm SlowMist.

Crypto.com Commits to DeFi

This news comes just weeks after the platform announced plans to merge its old MCO token with its newer CRO token. That move was widely criticized because Crypto.com has quite suddenly imposed the change on its users.

The new, relatively open and decentralized coin swap tool could bring back users who believe the company’s centralized nature allows it to exert too much control at times. The swap app only requires Metamask or WalletConnect, not an account with Crypto.com’s custodial exchange.

“We believe that blockchain and decentralized finance (DeFi) protocols built on top have the potential to empower millions to exercise this right,” Crypto.com states on its website.

Disclosure: This article was independently selected by our editorial team for coverage. Crypto.com is a sponsor of Crypto Briefing.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Safe Exchange Coin (SAFEX) на Currencies.ru

$ 0.0054306 (-0.25%)
Объем 24H $1.742k
Изменеия 24h: 1.41 %, 7d: -8.63 %
Cегодня L: $0.0053635 - H: $0.0055227
Капитализация $6.099m Rank 99999
Доступно / Всего 1.123b SAFEX

exchange crypto launched defi investors trade tokens

Источник: cryptobriefing.com

exchange crypto → Результатов: 126


Crypto.com Shuts Down US Institutional Exchange Amid Regulatory Concerns

Crypto.com, the Singapore-based exchange, has announced that it will shut down its institutional exchange service for US customers due to limited demand. The closure will take effect on June 21, 2023, and comes amid regulatory concerns in the US market, likely referencing the recent legal actions against Binance and Coinbase. Related Reading: Breaking: DOJ Takes […]

2023-6-10 22:00


Фото:

LetsExchange Extends Its Crypto Swap Ecosystem With New Tools and Partnerships

Cryptocurrency exchange service LetsExchange has expanded its B2B toolset to facilitate the global spread of instant crypto swap functionality across numerous platforms. This ecosystem enables crypto users to exchange their digital assets without restrictions through the interface of exchange aggregators, cryptocurrency wallets, and even media outlets of their choice. With the addition of new B2B […]

2021-12-8 17:32


Фото:

LetsExchange Adds Crypto Exchange Widgets to Its Affiliate Program

LetsExchange, an instant multi-currency exchange service with nearly 70,000 crypto pairs supported, has introduced easy-to-install exchange widgets as part of its affiliate program.  With this feature, crypto data aggregators, blockchain explorers, media outlets, and other crypto-related platforms can easily implement crypto exchange functionality to generate a new revenue stream and boost their user acquisition, engagement,Read More

2021-10-30 13:00


дальше еще 77 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

Revolut’s crypto exchange goes live as Bitbot’s presale surpasses $3.2M

Key takeaways London-based Revolut has launched Revolut X to compete with leading crypto exchanges. Bitbot’s presale has now officially crossed the $3. 2 million mark. Revolut X is now live for experienced traders Financial institutions continue to troop into the cryptocurrency space and London-based Revolut will not be left out.