Ledger Enables Exodus Cryptocurrency Swap Feature
XO Swap, developed by Exodus, is added to the list of providers that exchange crypto assets from the Ledger desktop app.
The XO Swap exchange service, developed by Exodus, is available on Ledger Live.
According to Exodus, the integration in Ledger aims to give control to users.Ledger integrated the XO Swap function, developed by the 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 function 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,” the integrated provider tells Ledger. With XO Swap, users can make trades from their self-custody wallet. This means 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 trade crypto, 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 complete, the received cryptocurrency goes back to the user’s wallet.
controls when, how, and how much of their crypto assets are sent to a third-party exchange API provider.