Popular Ethereum wallet MyEtherWallet has integrated with decentralised exchange aggregator 1inch, according to a press release shared with Coin Rivet.
The integration will allow MEW mobile app users to exchange ETH for more than 485 erc-20 tokens.
It will also allow users to seamlessly trade DeFi tokens direct from their wallet, removing the risk of storing capital on centralised exchanges.
😎 Ecstatic to integrate #1inch into @myetherwallet
💁 Easier than ever for MEW users to get the best prices on swaps
…because 1inch v2 is 🔥https://t.co/SKQbbdB2nn#DeFi
— 1inch.exchange (@1inchExchange) November 10, 2020
“1inch has built a DEX aggregator that embodies some of the best aspects of decentralisation,” said Kosala Hemachandra, MyEtherWallet’s founder and CEO. “Working with them to make their platform more accessible to MEW users was an easy decision for us. DeFi is still in an experimental stage, and companies like 1inch are paving the way for greater adoption.”
Sergej Kunz, 1inch CEO, added: “1inch aims to save users time and money by offering the best swap rates in the fastest possible time.
“With the MEW integration, they will have more options for swapping tokens directly in their wallets, as coin offerings will substantially expand.
“This partnership with MyEtherWallet, a long-established player in the crypto space, comes as a validation of 1inch’s rapid growth and product development.”
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