CoinMarketCap launches Ethereum token swaps powered by Uniswap

CoinMarketCap has launched a token swap feature via integration with Uniswap and has hinted at supporting extra DEXs and networks in the future.

CoinMarketCap (CMC) has launched a token swap feature on its website through integration with suburbanized exchange Uniswap.

CMC is one of the foremost well-known crypto market knowledge aggregators within the trade and has been in hand by Binance since April 2020.

The site’s Ethereum-based token pages currently embody a swap icon, sanctioning users to attach a case and swap between ERC-20 tokens. The platform supports wallets from MetaMask, Coinbase, Fortmatic, Portis, and WalletConnect.

CMC hinted there could also be extra integrations with alternative DEXs and networks within the future, with its June 29 announcement noting that solely Ethereum is supported “at this time” and Uniswap V1 and V2 are the “first supported DEX for token swaps.”

CMC has seen a major dealing in website traffic since the start of the year, increasing from 101 million total visits in January to 272.32 million visits in May. Binance is that the high web site referring traffic to the platform, equation to 52.68% of referrals last month, in step with information from web site analytics firm SimilarWeb.

Related: Cointelegraph Consulting: A review of SushiSwap roll-outs

CMC was supported in 2013 and has become one every of the foremost documented crypto information websites within the world. In 2019 the platform launched crypto indices on major finance platforms like as th Nasdaq Global Index Data Service and Bloomberg Terminal.

Despite Binance’s public pronouncements that CMC had operational independence once its acquisition in April 2020, some high executives left at intervals months of the takeover. Cointelegraph rumored on Aug. 31 2020 that acting CEO Carylyne Chan colleagues Jeremy Seow and Herbert Spencer rule all left the firm.

However, the Uniswap integration is generally in line with Chan’s vision for delivery concerning larger crypto adoption that she printed to Cointelegraph in August 2020, noting that:

“We’ve all best-known for a minute that higher user experiences and simplified interfaces and merchandise are keys to ramping up adoption of crypto.”

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