Ledger and Exodus have teamed up to develop an innovative exchange aggregator
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Johny Smith
2024/10/10
3 mins read
Exodus Movement, an organization specializing in cryptocurrency exchange services, has partnered with renowned digital asset wallet creator Ledger. The main task of the specialists is to integrate the XO Swap function into Ledger Live. This will simplify the process of connecting to third-party API servers and make it possible to conduct direct swaps among thousands of currency pairs at minimal cost.
The Ledger organization has long been making efforts to make individual blockchains less isolated. Company employees emphasized that the new integration prioritizes customer safety. The key task of developers is to isolate specific centralized platforms from cryptocurrency exchanges. In this context, users will be able to swap directly with each other.
All transactions within the new XO Swap service will be aggregated through several different counterparties. All funds will be processed directly through the Ledger Live wallet. Initially, the new feature is available on desktop. However, the developers said that a mobile solution will definitely appear.
Exactly a month ago specialists Exodus reported financial results for the 2nd quarter of this year. It follows from the documents that the organization’s revenue exceeded $22 million. This is almost 80% more than the amount for the same period in 2023. However, the company suffered a loss of $10 million.
Exodus has been on the market for almost 10 years. Initially, the service was focused exclusively on bitcoin. But over time, the wallet has integrated more than 50 blockchains. There is also support now staking cryptocurrencies and non-fungible tokens. According to Exodus CFO James Gernetske, the company’s B2B strategy remains its key source of revenue.
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