MyEtherWallet (MEW), an open-source Ethereum-focused digital wallet, has added support for the 1inch decentralized crypto exchange (DEX).
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According to an official announcement, 1inch swaps will now be available directly in MEW users’ wallets. The DEX's developers say the integration will expand MEW’s functionality for swapping coins directly from within crypto wallets, adding more options.
"This integration will expand MEW’s functionality for swapping coins directly from within their wallets, adding more options," 1inch said.
MEW's Founder and CEO, Kosala Hemachandra, says the service decided to integrate 1inch as the project has built a DEX aggregator that embodies "some of the best aspects of decentralization."
"DeFi is still in an experimental stage, and companies like 1inch are paving the way for greater adoption," Hemachandra added.
1inch Co-Founder and CEO, Sergej Kunz, claims the partnership with MEW will open new options for swapping tokens directly in users' wallets, as coin offerings "will substantially expand."
As iHodl reported earlier, the team of decentralized exchange aggregator 1inch announced earlier in August that it had successfully completed a fundraising of $2.8 million from institutional investors.
The fundraising, which had been led by Binance Labs, also attracted the contribution from other investors, including Galaxy Digital, Greenfield One, Libertus Capital, Dragonfly Capital, FTX, IOSG, LAUNCHub Ventures, Divergence Ventures, Kyber Founder Loi Luu and NEAR Protocol Co-Founder Illia Polosukhin.
1inch is a DEX aggregator that sources liquidity from various exchanges, including leading decentralized finance (DeFi) platforms Uniswap, Kyber Network, Airswap, Oasis, Bancor, Balancer, Curve and more.
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