Ledger Live enables THORChain’s decentralized native cross-chain exchange
Ledger Live has partnered with decentralized financial protocol THORChain to launch native off-chain switching on its platform, allowing users to exchange assets on the blockchain from within the Ledger Live app.
The hardware wallet maker announced the new feature in an Oct. 22 post to X. The new partnership will allow users to exchange assets from different blockchains — such as easily converting Bitcoin (BTC) to Ether (ETH).
Source: Ledger
This marks the first time Ledger integrates a decentralized financial protocol to enable native exchanges on a blockchain ledger live application.
HORCHain is a decentralized liquidity protocol that allows users to exchange assets across different blockchain ecosystems without relying on sealed assets.
In a follow-up blog post, Ledger explained that users of Ledger Live — an app that allows Ledger users to trade, exchange, and share cryptocurrencies from their cold wallet device — can switch assets by heading to the “Discovery” page and selecting from there. to the new feature.
Ledger Live users can exchange assets between blockchains using THORChain. Source: Ledger
On October 18, an anonymous crypto pundit suggested that THORChain may soon integrate with Binance's Web3 wallet, a self-governing crypto wallet that operates within the Binance platform.
While not directly confirming the speculation, Torchein founder Jon-Paul Thorjornsen – who goes by “JP THOR” on X – said in response, “This is just the beginning.”
Related: THORChain hits $10B monthly volume as Bitcoin maxis argument security.
The partnership with Ledger comes a month after THORChaion announced a major merger with the decentralized finance network Rujira Alliance – a new ecosystem created when Rujira merged with several of its major ecosystem projects.
On September 10, Kujira merged with its three partners – Fusion, Unstake and Wink – to create the Rujira Alliance, a new application layer for THORChain.
At the time, Torjornsen told Cointelegraph that the new application layer was not “another small project” but a new DeFi “behemoth” that could one day rival Solana in terms of consumption and volume.
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