CoinMarketCap launches Ethereum token swaps feature that uses Uniswap

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CoinMarketCap has launched a token swap feature via integration with Uniswap, and has hinted at supporting additional DEXs and networks in the future.

CoinMarketCap (CMC) has launched a token swap feature on its website through an integration with decentralized exchange Uniswap.

CMC is one of the most well known crypto market data aggregators in the industry and has been owned by Binance since April 2020.

The site’s Ethereum-based token pages now include a swap icon, enabling users to connect a wallet and swap between ERC-20 tokens. The platform supports wallets from MetaMask, Coinbase, Fortmatic, Portis, and WalletConnect.

CMC hinted there may be additional integrations with other DEXs and networks in the future, with its June 29 announcement noting that only Ethereum is supported “at this time” and Uniswap V1 and V2 will be the “first supported DEX for token swaps.”

CMC hinted there might be additional integrations with other DEXs and networks in the future, with its June 29 announcement noting that only Ethereum is supported “at this time” and Uniswap V1 and V2 will be the “first supported DEX for token swaps.”

CMC has seen a significant increase in website traffic since the beginning of the year, rising from 101 million total visits in january to 272.32 million visit in May.Binance is the top website referring traffic to the platform, equating to 52.68% of referrals last month, according to data from website analytics firm SimilarWeb.

Source:

https://cointelegraph.com/news/coinmarketcap-launches-ethereum-token-swaps-powered-by-uniswap