Exodus Movement (EXOD), one of the major crypto wallet brands, has taken a significant step to enhance its crypto trading capabilities. In a strategic partnership, Exodus has teamed up with leading blockchain hardware manufacturer Ledger to launch a new crypto swap aggregator.
Ledger Teams Up with Exodus for XO Swap Feature
The partnership introduces the XO Swap feature, which will be integrated into the Ledger Live app. This new tool allows users to swap thousands of crypto pairs directly from their self-custody wallets by connecting to third-party exchange APIs. Unlike traditional centralized exchanges, XO Swap emphasizes user control and security by enabling on-chain swaps.
In a joint statement, the companies emphasized that “this integration prioritizes user control and security, setting it apart from centralized exchange platforms.”
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The unified swap service leverages multiple third-party platforms, allowing users to receive swapped assets directly in their Ledger wallets. Initially available on desktop, the service is also expected to roll out a mobile version soon.
Ledger and Exodus: A Focus on Security and Multi-Chain Future
Ledger, known for its focus on secure crypto storage, aims to break down barriers between different blockchain ecosystems, embracing the multi-chain future of the crypto industry. Despite recent financial challenges, with Exodus Movement reporting a $10 million quarterly loss in August, this partnership represents a crucial move to expand their offerings and meet the growing demand for secure, decentralized trading options.
This collaboration marks a bold step forward for both companies, combining Ledger’s robust hardware security with Exodus’ innovative software solutions.
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