Home / Altcoins / Crypto.com Adds 37 New Tokens to its DeFi Wallet – Product Release & Updates

Crypto.com Adds 37 New Tokens to its DeFi Wallet – Product Release & Updates

Crypto.com adds 37 New Tokens to its DeFi Wallet

Crypto.com, the leading crypto payment service provider announced support for 37 new tokens in its user-custodied DeFi wallet. According to the official announcement, the wallet will now provide support for native tokens of some leading DeFi protocols. These include UNI (Uniswap), YFI (Yearn Finance), LRC (LoopRing), and more.

Crypto.com DeFi Wallet places itself uniquely in the market as users are in complete control of their crypto private keys. Additionally, it provides user-friendly access to the decentralized finance ecosystem and is powered by CRO. While using the DeFi Wallet, the users do not need a Crypto.com account to store, send, and receive crypto-assets. Unlike Crypto.com App which is a centralized custodian, DeFi Wallet is a user-custodied wallet. Effectively, users who store their crypto assets in DeFi Wallet will have complete legal and beneficial titles of the assets.

Highly accurate price feeds

Along with user custody, its DeFi wallet provides trusted price feeds. Recently, it plugged Chainlink’s Price Reference Data into the DeFi wallet. With that, the wallet ensures the users always received accurate and transparent price feeds. Crypto.com also launched the first CRO Decentralized Reference Data on the Chainlink Network. This will help the platform improve decentralization and transparency.

Furthermore, Crypto.com deepened its integration into DeFi ecosystem by launching a Binance like swap product. Known as DeFi Swap, the service enables users swap their DeFi and CeFi tokens. Additionally, the liquidity providers (LPs) can earn triple yields.

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