1inch Announces Partnership With KuCoin Wallet

1inch recently announced a strategic partnership with KuCoin. The collaboration will see the KuCoin wallet being integrated into the 1inch API.

It will result in 1inch launching its new native swap feature, allowing users to swap tokens across different networks at the best rates. KuCoin Wallet has been making headlines as the latest DeFi product of the renowned KuCoin crypto exchange.

Many DeFi and crypto users have been looking for a KuCoin review to learn more about its operability. The wallet is bringing advanced functionalities to networks, and 1inch Network recently became its latest partner.

With the help of the Pathfinder algorithm, 1inch Network will introduce numerous users to native swapping and help them access the swaps at the most efficient rates. The Pathfinder algorithm assesses over 250 liquidity sources, including PMMs and AMMs, to propose its findings.

The algorithm maintains utmost precision by automatically swap splitting between protocols. During the split, it can even interact with different market depths in the same protocol. With the latest endeavor, KuCoin Wallet users will be exposed to a new swapping experience. 

It will bring perks, such as:-

  • Optimal swap rates
  • Access to different liquidity sources running on nine popular networks
  • Numerous tradable asset pairs
  • High-quality security backed by several audit teams
  • Lower gas commissions and less slippage

Besides the impressive lineup of swap rates, prompt response time, and liquidity sources, KuCoin Wallet users also receive access to 1inch’s Limit order Protocol feature. The functionality fills the order at a pre-decided price since it features gasless limit order for RFQ, ETH, and other tokens.

Jeff Haul, the head of KuCoin Wallet, talked about the recent development. As per Haul, Swap is a wallet’s high-frequency feature, and 1inch stands among the most well-known DEXs in the Web3 space. Collaborating with the venture via native integration will provide users with a cost-effective and seamless trading experience.

KuCoin Wallet is one step further in providing users with innovative products to embrace Web3. Developed for simplistic DeFi trading, the wallet aims to offer customers the benefits of 1inch API-centric advanced trading instantly.

Roxanne Williams

Roxanne Williams has recently joined as a market reporter for CryptoNewsZ - the 24/7 crypto news site, where she produces recent stories, technical analysis and price updates on world's leading cryptocurrencies.

Related Articles

Back to top button