Key facts:
The XO Swap exchange service, developed by Exodus, is available on Ledger Live.
According to Exodus, the integration with Ledger seeks to give users control.
Ledger has integrated the XO Swap feature, developed by cryptocurrency services company Exodus, into its Ledger Live platform. This integration allows users to exchange cryptocurrencies directly from their hardware wallet, without having to resort to centralized exchanges. This feature already existed in Ledger, and the novelty is that Exodus is added as an exchange provider to the native swap window of the desktop app.
This service called XO Swap, which is not new to the market, marks a significant milestone according to Exodus. “This integration prioritizes user control and security, distinguishing it from centralized exchange platforms,” They say from the integrated provider to Ledger.
With XO Swap, users can make swaps from their self-custody wallet. This means that They have thousands of cryptocurrency pairs available to trade. Unlike centralized platforms, the user controls when, how, and how much of their crypto assets are sent to a third-party exchange API provider.
The exchange process with XO Swap is straightforward. When a user decides to exchange cryptocurrencies, the selected coins are sent to a third-party exchange API provider to facilitate the order. This is an on-chain process that incurs a network transaction fee. Once the exchange is completed, the received cryptocurrency returns to the user’s wallet..
Exodus, a publicly traded financial services company, has been a pioneer in offering its clients a wide range of trading pairs, including everything from bitcoin (BTC) to XRP, SOL, ATOM and more than 100,000 assets across more than 50 networks instantly. Additionally, Exodus stands out for providing constant asset uptime and low costs, thanks to its integration with more than 11 liquidity sources.
XO Swap availability on Ledger Live is currently limited to the desktop version, providing users with a simple interface to perform their swap operations. This integration not only expands Ledger Live’s functionalities, but also reinforces Ledger’s philosophy. to maintain control and security of digital assets in the hands of users.
According to Exodus, the addition of XO Swap to Ledger Live is a further step towards decentralization and individual control over digital assets, allowing users to interact with the cryptocurrency ecosystem in a more secure and efficient way.
With this integration, Ledger expands the number of internal solutions to Ledger Live and grows in flexibility, forcing users to go to exchanges less and less to do anything other than store cryptocurrencies.
This article was created using artificial intelligence and edited by a human on the editorial staff.