Ledger, a prominent provider of crypto hardware wallets, has initiated a fresh partnership. According to Ledger, the company has teamed up with the popular decentralized exchange THORChain to enable non-custodial decentralized swaps. The announcement of this collaboration was made on social media.
Exciting news – @THORChain via @swapkitpowered is now fully available on Ledger Live Desktop! ? This means that users of Ledger Live can now swap assets across multiple blockchains using @THORChain via @swapkitpowered, all within the security of their Ledger device. Get… pic.twitter.com/nswazrGDRA — Ledger (@Ledger) October 31, 2024
Ledger has partnered with THORChain to provide secure non-custodial swaps with leading crypto assets
In addition to the announcement made on X, Ledger also released a blog post on its official website to provide more information. It stated that the integration with THORChain allows for swaps involving $WBTC, $DAI, $USDC, $USDT, $ETH, and $BTC. THORChain also offers users the ability to trade across chains with low slippage, without the risk of MEV or frontrunning. This is particularly beneficial for users looking to make large transfers, especially with $BTC.
As part of this collaboration, support for additional ERC-20 tokens will be added in the future. This integration takes place within Ledger Live Desktop, eliminating the need to leave the application, create a separate account, or undergo KYC. With the Ledger Exchange app ensuring secure transfers from start to finish, users can confidently conduct high-value $BTC swaps with Ledger. Ledger disclosed that it utilized SwapKit.dev to finalize the integration. SwapKit.dev acts as both a software development kit and an API, simplifying the complexities of THORChain services with a robust infrastructure, ensuring top-notch performance.
The Partnership Facilitates Secure, Decentralized, and High-Volume Crypto Swaps
According to Ledger, users who already use Ledger Live Desktop can easily access THORChain and initiate a swap. They simply need to choose THORChain from the list of swap providers. Thanks to the integration between Ledger and THORChain, Ledger Live users now have an exclusive option for secure, decentralized, and high-volume crypto swaps. Regardless of the swap provider selected by users, they can benefit from competitive pricing and an exceptional trading experience.