The popular decentralized exchange of Uniswap has been integrated on CoinmarketCap for its new token swap feature. Uniswap becomes the first DEX to feature on CoinmarketCap’s Token Swap function for users to swap their favorite Ethereum
tokens from the tracking website.The team at Uniswap expressed their enthusiasm for the new integration on CoinmarketCap as demonstrated in the following Tweet.
According to the official announcement, both Uniswap V1 and V2 will be supported on CoinmarketCap for token swaps. Additionally, all wallets supported by Uniswap will also be available for CoinmarketCap’s token swap feature.
They include MetaMask, WalletConnect, Coinbase Wallet, Fortmatic and Portis.
The team at CoinmarketCap
went on to explain that the launch of the token swap feature will first focus on digital assets on the Ethereum blockchain. However, and as time progresses, CoinmarketCap Token Swap aims at integrating every supported network and token.The eventual integration of other blockchain networks on the CoinmarketCap Token Swap will allow users to directly connect their crypto wallets to the platform and swap their tokens in a safe and secure way.
With respect to the procedures for initiating a token swap on CoinmarketCap, the team gave the following instructions.