Highly famous crypto data aggregator CoinMarketCap launches Token Swap feature on its website through integration with Uniswap. The Integration of Coinmarketcap CMC with Uniswap enables the exchange between digital assets on Ethereum.
Users can connect their wallet to exchange to buy/sell any ERC -20 token, as they wish, in an easy manner. The platform will also support wallets that are supported by Uniswap. It includes MetaMask, WalletConnect, Coinbase Wallet, Fortmatic, and portis.
“On every supported network and token, you will be able to connect a supported crypto wallet and swap your token right on CoinmarketCap in a safe and secure way,” said the announcement.
In future, there will be more integration with other networks and DEX. For now, the platform supports only the Ethereum network, and Uniswap (V1 and V2) are the “first supported DEX for token swaps.”
Swapping on CoinMarketCap
To carry out a swap, users need to navigate to the page where the token is listed. They will see a converter between the selection of two coins on the right side of the page and an option to “Swap on CoinMarketCap.”
The platform will show the available token for the swap and prompt for a wallet connection when clicked. Users can connect their wallet and sign the blockchain transaction.
CoinMarketCap was founded in 2013 and bought out by Binance seven years later. It became the most preferable website for crypto data in the world. Last month, it had more than 270 million visitors on its website.