In a strategic move to enhance crypto trading capabilities, Exodus Movement (EXOD) has teamed up with Ledger, a leading blockchain hardware manufacturer, to launch a new crypto swap aggregator. The partnership, announced Tuesday, introduces the XO Swap feature, which will be integrated into the Ledger Live application.
XO Swap will allow users to swap across thousands of cryptocurrency pairs directly from their self-custody wallets by connecting to third-party exchange APIs. This new feature emphasizes user control and security, distinguishing itself from traditional centralized exchanges by enabling on-chain swaps.
“This integration prioritizes user control and security, setting it apart from centralized exchange platforms,” the companies said in the press release.
The aggregated swap service will draw on multiple third-party platforms, ensuring that users receive the swapped assets directly into their Ledger wallets. Initially available on desktop, a mobile version is expected to follow.
Ledger, known for its focus on secure crypto storage, is embracing the multichain future of the crypto industry, aiming to break down the barriers between different blockchain ecosystems.
Despite recent financial challenges, with Exodus Movement reporting a $10 million quarterly loss in August—down from a profit of nearly $2 million last year—the partnership with Ledger represents a significant push to expand its service offerings and capitalize on the growing demand for secure, decentralized trading options.
