CoinMarketCap starts Uniswap-powered Ethereum Token Swaps

CoinMarketCap has released a token swap functionality with Uniswap integration, which suggests other DEXs and networks are supported in the future.




CoinMarketCap (CMC), through integrating with Uniswap, is starting a token swap functionality on its platform.



CMC has been owned by Binance since April 2020 and is one of the most popular cryptomarket aggregators in the business.

A swap icon now features on the Ethereum tokens page to allow users to link a carry and switch between tokens ERC-20.
This platform supports MetaMask, Coinbase, Fortmatic, Portis and WalletConnect wallets.


In its June 29 release that only Ethereum "at this moment" is supported and the Uniswap App will become the 'first supported DEX to swaps." CMC suggests that more integrations may occur with other DEXs and networks in the future.

Since beginning of the year, CMC has experienced a notable increase in website traffic, from 101 million overall visits in January to 272.32 million in May.
According to data from Web analysis company SimilarWeb, Binance is the top traffic website for the platform, equal to 52,68 percent of referrals last month.

 

 

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