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    1inch Team Announces Integration of Swap API Into Coinbase Exchange App

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    The 1inch aggregator team has announced the connection of its Swap API to the Coinbase app, which allows the exchange’s customers to make decentralized token exchanges directly through the built-in wallet. The exchange has become the project’s largest partner in the United States, strengthening its presence in the institutional integration market.

    The DEX function in the Coinbase app was recently introduced and already allows working with on-chain assets without the participation of a custodian, the developers noted. Integration with 1inch expands the capabilities of this service by providing users with direct access to the liquidity of decentralized exchanges in a familiar interface.

    For the project team, cooperation with Coinbase has become an important stage in the development of 1inch Business’s corporate direction, the company said. According to them, this platform is positioned as a gateway for companies from the traditional finance and CeFi sectors that need access to DeFi technologies.

    The growing number of such integrations confirms institutional interest in on-chain solutions, according to the developers.

    Coinbase emphasized that the alliance with 1inch will make the transition of millions of users to decentralized tools as easy as possible. According to the head of trading Scott Shapiro, the integration provides “seamless access to DEX directly from the app.”


    Sergey Kunz speaking at Unite DeFi Singapore. Data: Incrypted.

    Co-founder of 1inch Sergey Kunts noted that the company’s mission is no longer limited to uniting DeFi. According to him, the vision extends to traditional markets, where noncustodial solutions are becoming a key element of the infrastructure.

    1inch’s noncustodial swaps are an ideal solution for centralized players in both the cryptocurrency and TradFi industries who are looking for a seamless and secure placement of assets on the blockchain. It’s great that Coinbase is leading the way, and others will inevitably follow suit, Kunz said.

    The integration strengthens the trend towards the convergence of centralized and decentralized services. Experts note that such alliances reduce barriers for users and accelerate the spread of online assets in the mass segment.

    As a reminder, we wrote that 1inch announced its rebranding.

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