DeFi Data Aggregator 1inch and KuCoin Partner to Implement Native Swap Function
KuCoin, a cryptocurrency exchange situated in Seychelles, has cooperated with data aggregator 1inch DeFi to add native token swap capability to its internal wallet.
KuCoin has released a decentralized product named KuCoin Wallet
Through GameFi, Decentralized Finance (DeFi), and Non-Fungible Tokens (NFTs) functionalities, KuCoin Wallet offers consumers encrypted services for a convenient Web3.0 experience.
To facilitate users’ cross-chain swap token transactions, DeFi and non-fungible token (NFT) transactions, and to provide liquidity support for automatic market makers and active market makers, 1inch’s Pathfinder algorithm will be incorporated to the KuCoin wallet as part of this collaboration.
According to Jeff Haul, Head of KuCoin Wallet,
“Swap is a high-frequency feature of the wallet, and 1inch is one of the most well-liked DEXs in the Web-3 industry, so we work together through native integration to provide a smooth and affordable 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. There are more intriguing landscapes ahead thanks to our cooperation with 1inch.
The 1inch limit order protocol features, such as ether (ETH) gasless limit orders, etc., are also available to KuCoin wallet users.
Built on Ethereum, 1inch is a decentralized exchange (DEX) aggregator. By automatically aggregating bids from various decentralized exchanges, it is a specific kind of liquidity protocol that specializes in giving users access to transactions.