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1inch Integrated KuCoin Wallet To Improve Token Swap

Cryptocurrency exchange KuCoin will introduce native token swap functionality to its internal wallet after integrating the application programming interface of decentralized finance (DeFi) market maker 1inch.

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1inch’s Pathfinder algorithm will enhance the functionality of KuCoin Wallet, the exchange’s recently launched decentralized wallet platform, featuring cross-chain trading, DeFi support, and NFTs.

The algorithm will aggregate liquidity from over 250 sources from automated market makers and active market makers across the DeFi ecosystem. 1inch connects to liquidity sources on nine blockchain networks, offering a wide range of tradable asset pairs.

The partnership will also allow KuCoin Wallet users to access the 1inch limit order functionality. These orders are executed at a predetermined price before being reached. This includes unlimited gas orders for Ether (ETH), requests for quotes on the blockchain, and other tokens that require a license instead of transaction approval.

KuCoin Wallet head Jeff Haul noted that 1inch had established itself as a leader in the DeFi aggregation space, and its functionality will improve the offering of KuCoin Wallet to users:

“Swap is a high-frequency feature of the wallet, and 1inch is one of the most popular DEXs in the Web3 industry, so we’re working together through native integration to provide a smooth and cost-effective trading experience for our users.”

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KuCoin launched the KuCoin Wallet in June 2022 and hinted that support for DeFi, NFT, and GameFi is coming soon. NFT functionality was initially provided by KuCoin’s proprietary NFT marketplace, Windvane.

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Harold

CoinCu News

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.