MyEtherWallet, an Ethereum web wallet, and 1inch.exchange, a major decentralized exchange, have teamed up to offer trading for over 450 crypto assets directly from MEW mobile platform.
Based on MEW official statement, after a recent integration with a giant decentralized exchange, users will be empowered to swap ETH in their own crypto wallets for tokens from more than ten different cryptocurrency exchanges.
While disclosing the new partnership Kosala Hemachandra, CEO of MyEtherWallet, said, “We already have dex.ag integrated, and now we will add 1inch. Both are DEX aggregators, which will go through all dexes for the best rate and offer them to the user.”
MyEtherWallet has an extensive user base; over 1 million monthly users enjoy an open-source interface that primarily focuses on Ethereum.
MEW has Partnered to Magnify Adoption
MyEtherWallet has also joined hands with centralized trading partners, including Bity, Simplex, and Changelly, that provide trading facilities for several crypto assets. To further give flexible solutions, MEW has partnered with Dex.ag and 1inch, offering better prices and lower trading fees.
During the press briefing 1inch CEO Sergej Kunz said, “With the MEW integration, they will have more options for swapping tokens directly in their wallets, as coin offerings will substantially expand. This partnership with MyEtherWallet, a long-established player in the crypto space, comes as a validation of 1inch’s rapid growth and product development.”
So far this year, MEW has actively developed its profile by collaborating with several crypto firms and DeFi platforms. To present censorship-resistant website domains, it boarded Unstoppable Domains in the first quarter of 2020. Moreover, after integrations with Aave and Ren, MyEtherWallet has developed DeFi lending and borrowing capacities.