Coinbase integrates 1inch API into its app…strengthens non-custodial token trading
Suehyeon Lee
Summary
- Coinbase announced it has integrated the 1inch API into its app.
- With this integration, users can directly access non-custodial token trading from the Coinbase app.
- It said this is part of a DeFi expansion strategy following declines in spot trading volume and revenue in the second quarter.
Coinbase is integrating the decentralized exchange 1inch (1INCH) API into its app
According to The Block on the 2nd (local time), Coinbase has integrated the 1inch API into its app. This allows users to access 1inch from the Coinbase app.
Through this integration, Coinbase aims to enable users to trade virtual assets (cryptocurrency) in a non-custodial manner without going through a centralized exchange (CEX). Coinbase had previously announced plans to link decentralized exchanges (DEXs) in August, and this integration is seen as part of a DeFi expansion strategy following declines in spot trading volume and revenue in the second quarter.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
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