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CoinMarketCap launches Ethereum token swaps powered by Uniswap

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CoinMarketCap (CMC) has launched a token swap function on its web site via an integration with decentralized alternate Uniswap.

CMC is among the most well-known crypto market information aggregators within the trade and has been owned by Binance since April 2020.

The location’s Ethereum-based token pages now embrace a swap icon, enabling customers to attach a pockets and swap between ERC-20 tokens. The platform helps wallets from MetaMask, Coinbase, Fortmatic, Portis, and WalletConnect.

We’re extremely excited to see Uniswap built-in natively into @CoinMarketCap

Token pages now have a “Swap” icon permitting customers to connect with an Ethereum pockets and immediately commerce that token via the Uniswap protocol

superior work on the combination!!! https://t.co/qm4SbcTTCA pic.twitter.com/PwO3mEWJU4

— Uniswap Labs (@Uniswap) June 30, 2021

CMC hinted there could also be further integrations with different DEXs and networks sooner or later, with its June 29 announcement noting that solely Ethereum is supported “at this time” and Uniswap V1 and V2 would be the “first supported DEX for token swaps.”

CMC has seen a major uptick in web site visitors for the reason that starting of the 12 months, growing from 101 million whole visits in January to 272.32 million visits in Might. Binance is the highest web site referring visitors to the platform, equating to 52.68% of referrals final month, in line with information from web site analytics agency SimilarWeb.

Associated: Cointelegraph Consulting: A evaluation of SushiSwap roll-outs

CMC was based in 2013 and has turn out to be some of the referenced crypto information web sites on the earth. In 2019 the platform launched crypto indices on main finance platforms resembling th Nasdaq World Index Information Service and Bloomberg Terminal.

Regardless of Binance’s public pronouncements that CMC had operational independence after its acquisition in April 2020, some prime executives left inside months of the takeover. Cointelegraph reported on Aug. 31 2020 that appearing CEO Carylyne Chan together with colleagues Jeremy Seow and Spencer Yang all left the agency.

Nevertheless the Uniswap integration is broadly in step with Chan’s imaginative and prescient for bringing about higher crypto adoption which she outlined to Cointelegraph in August 2020, noting that:

“We’ve all known for a while that better user experiences and simplified interfaces and products will be key to ramping up adoption of crypto.”

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