Switcheo.exchange has partnered with the highly popular hardware wallet manufacturer Ledger. While it was already possible to trade straight out of a Ledger hardware wallet on Switcheo, the official partnership will entail much more in the future.
Switcheo.exchange
Switcheo.exchange is the first, and so far only, decentralized exchange on the NEO blockchain. In the time since it's inception a couple of months ago it has garnered quite a popular reputation among the community, and it has become somewhat of a go-to exchange (next to Kucoin) for the ever expanding NEO-based NEP-5 tokens.
Although Switcheo.exchange is aimed at NEO they are planning to expand beyond the NEO ecosystem and also integrate Ethereum & ERC-20 tokens as well as QTUM and it's QRC-20 tokens. Research on potentially adding both Ziliqa and EOS (and most likely others) is also underway.
Ledger <3 Switcheo
While Switcheo was keen to add Ledger support to their exchange as soon as possible to allow users to trade straight out of their hardware wallet, the new collaboration has a broader scope. When Switcheo makes the switch (pun intended) to being a multi-chain DEX, both the developers from Ledger and Switcheo will work together to enable Ledger hardware wallet users to access Switcheo straight out of their Ledger Live application.
It is well-known that Ledger is planning to add in-wallet trading options through their newly released Ledger Live app, though for now the wallet only offers a page-filler with links to some exchanges.
It appears now that once the trading features get added to the Ledger Live app, Switcheo will be among the choices to trade through. Users would then no longer have to navigate to Switcheo.exchange to trade, but instead do so through the native Ledger Live app.It would be a great feature for Ledger Live, but the partnership does wonders for the reputation of Switcheo as well, which despite having first mover advantage on NEO has been fighting an uphill reputation battle against the upcoming NEX exchange.
I personally can't wait. In-wallet trading is one key feature that is still missing from Ledger Live, and one that many users will be very fond of. I'm also excited to see Ledger partnering with a NEO-based DEX, because it makes it a lot more likely for NEO to be added to the Ledger Live app. Currently NEO is supported by the Ledger hardware wallet, but accessing it still requires a third party wallet like the NEON wallet.
Click here to read the official partnership announcement
Click here to visit Switcheo.exchange
What is the problem with listing more currencies?
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