Ledger Live adds ParaSwap, a decentralized exchange

Ledger, the maker of hardware wallets, has added the first decentralized exchange (DEX)—ParaSwap—to the list of platforms available to Ledger Live users for buying and selling cryptocurrencies.

Psst…@Paraswap is now available on Ledger, so you can #swap all your favorite @Ethereum tokens the #Defi way. It’s safe, quick, and decentralized.

Comment your celebratory dance GIF below.

Check out the details here: https://t.co/L6DJnx3mA2 pic.twitter.com/KjRtvifrn7

— Ledger (@Ledger) June 14, 2021

Ledger Live combines hardware device management with digital assets. Introduced in July 2018, the software enables buying and selling digital assets, as well as staking. The company said the app has more than 1.5 million monthly users.

ParaSwap is a liquidity aggregator that interacts with popular DeFi protocols such as Uniswap and Balancer. The platform routes users’ orders across different DEXs to execute trades at the best available prices.

Speaking to The Block, Ledger’s head of customer experience Yan Rogers explained that the company chose ParaSwap for its “easy-to-use interface.” He said the app will add support for more DeFi platforms in the future.

“We aim to integrate all platforms with a ‘connect your wallet’ button,” Rogers said.

In June 2021, Ledger raised $380 million in a Series C financing round. Investors valued the company at more than $1.5 billion.