TechDogs-"KuCoin Wallet Integrates 1inch For Implementing Native Swap Function"

Blockchain

KuCoin Wallet Integrates 1inch For Implementing Native Swap Function

By Business Wire

Business Wire
Overall Rating


VICTORIA, Seychelles--(BUSINESS WIRE)--Cryptocurrency exchange KuCoin has entered into a partnership with the 1inch DeFi data aggregator protocol to enable native swaps for its global users at the lowest prices across all decentralized exchange platforms.

1inch Network is a DEX aggregator that analyzes blockchain data in search of the most favorable swap and transfer conditions using the Pathfinder algorithm. With its dynamic pricing, stop-loss and trailing stop orders, as well as a host of other functions, 1inch is considered to be the leading DeFi solution in decentralized space.

KuCoin will be integrating the API of the 1inch aggregator protocol into its native KuCoin Wallet multipurpose storage and transaction processing application. Integration of 1inch into KuCoin Wallet with the use of 1inch’s Pathfinder search algorithm will allow users to utilize the swap function for tokens cross-chain on all supported networks and to leverage the lowest swap rates and fastest transfer routes to directly swap tokens inside the application, and process as many as 1,639 different tokens across all the blockchain networks supported by KuCoin Wallet.

“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 a gateway to the Web-3 world, we are willing to integrate any excellent Dapp that can provide high value to our users. This partnership with 1inch is a great start to our journey with more exciting landscapes ahead,” as stated by Jeff Haul, the Head of KuCoin Wallet.

The partnership with 1inch will further deepen KuCoin’s penetration into the DeFi space and enable it to provide more convenient services to its growing user base. The exchange has repeatedly stated that it is intent on pursuing further exploration and integration of Web-3 applications.

About KuCoin

Launched in September 2017, KuCoin is a global cryptocurrency exchange with its operational headquarters in Seychelles. As a user-oriented platform focused on inclusiveness and community action reach, it offers over 700 digital assets. Currently, it provides Spot trading, Margin trading, P2P fiat trading, Futures trading, staking, and lending to its 20 million users in 207 countries and regions.

In 2022, KuCoin raised over $150 million in investments through a pre-Series B Round, bringing total investments to $170 million with Round A combined, at a total valuation of $10 billion. KuCoin is currently one of the top 5 crypto exchanges, according to CoinMarketCap. In 2021 Forbes named KuCoin one of the Best Crypto Exchanges. In 2022, The Ascent awarded KuCoin the Best Crypto App for enthusiasts. For more information, please, visit https://www.kucoin.com.

About KuCoin Wallet

KuCoin Wallet is a secure and easy-to-use crypto wallet that supports multi-chain aggregation powered by the KuCoin ecosystem. With the security expertise of KuCoin and the leading security technology audited by Hacken, KuCoin Wallet is a self-custody wallet with users having full control of their assets. KuCoin Wallet provides the easiest way for users to manage multi-chain assets, and enables users to buy, store and view NFT collections directly within the wallet. KuCoin Wallet is a gateway to the web3 world for all crypto users.

About 1inch

The initial protocol of the 1inch Network is a DEX aggregator solution that searches deals across multiple liquidity sources, offering users better rates than any individual exchange.

This protocol incorporates the Pathfinder algorithm which finds the best paths among different markets over 250 liquidity sources on multiple chains. The 1inch Limit Order Protocol facilitates the most innovative and flexible limit order swap opportunities in DeFi. The protocol’s features, such as dynamic pricing, conditional orders and extra RFQ support, power various implementations, including stop-loss and trailing stop orders, as well as auctions.


Contacts

Emma Haul
media@kucoin.com

Liked what you read? Head to the TechDogs homepage to find the latest tech content infused with drama and entertainment. We've got ArticlesWhite PapersCase StudiesReportsVideos and Events that help you Know Your World of Technology.

First published on Thu, Aug 11, 2022

Enjoyed what you've read so far? Great news - there's more to explore!

Stay up to date with the latest news, a vast collection of tech articles including introductory guides, product reviews, trends and more, thought-provoking interviews, hottest AI blogs and entertaining tech memes.

Plus, get access to branded insights such as informative white papers, intriguing case studies, in-depth reports, enlightening videos and exciting events and webinars from industry-leading global brands.

Dive into TechDogs' treasure trove today and Know Your World of technology!

Disclaimer - Reference to any specific product, software or entity does not constitute an endorsement or recommendation by TechDogs nor should any data or content published be relied upon. The views expressed by TechDogs’ members and guests are their own and their appearance on our site does not imply an endorsement of them or any entity they represent. Views and opinions expressed by TechDogs’ Authors are those of the Authors and do not necessarily reflect the view of TechDogs or any of its officials. All information / content found on TechDogs’ site may not necessarily be reviewed by individuals with the expertise to validate its completeness, accuracy and reliability.

Tags:

KuCoin Cryptocurrency Exchange KuCoin Wallet Crypto App Ecosystem Security Technology

Join The Discussion

- Promoted By TechDogs -

The Brivo Partner Program
  • Dark
  • Light