Ledger Integrates OKX DEX, Bringing Secure Self-Custody Crypto Swaps to Millions
- Ledger users can now trade on OKX’s DEX without giving up control of their crypto.
- Every swap is approved on the hardware wallet, keeping private keys offline and secure.
Ledger is adding decentralized trading from OKX directly inside the Ledger wallet app to make it easier for users to swap the tokens without giving up control of their coins. The new update allows users to trade directly through OKX’s decentralized exchange (DEX) while their assets stay in their own wallet. Every transaction must be approved and signed on the ledger device, which keeps private keys offline, and there is no deposit to an exchange. This makes the private keys stay offline, and no third party controls the funds.
Ledger Expands Into DeFi With Secure OKX Swaps
Ledger says that many users are asking for ways to use decentralized finance tools with strong security. Ledger is trying to offer both by allowing users to keep control of their crypto and making the hardware device to approve each transaction. This swap feature will allow trading across major blockchains such as Ethereum, Arbitrum, Optimism, etc. OKX says its DEX gathers prices from hundreds of liquidity providers across many chains.
Jean Francois Rochet, Ledger’s head of consumer services, says that this update gives customers more options to search for the best swap prices with more security. This move from Ledger into DeFi is not the first step, and over the last two years, the company has been turning its wallet software into a secure gateway for token swaps and earning yields. Ledger says that it has sold over 8 million devices worldwide and secures the largest share of crypto holdings.
This move from Ledger shows a major boost in the crypto. By bringing DEX access into the Ledger wallet, it delivers the many investors’ requirements of speed and pricing of exchange without the exchange’s control over their assets.
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