Ledger users can now trade on Uniswap directly from the application through a new partnership between both outfits.
Crypto hardware wallet maker Ledger has inked a strategic partnership with Uniswap Labs. Together, they have announced the integration of the Uniswap Trading API into Ledger Live.
This move aims to facilitate seamless swaps from self-custody. Consequently, users can swap tokens on the Uniswap Protocol without leaving the Ledger Live interface.
These users can still fully control their digital assets through Ledger’s hardware wallets.
Understanding Ledger and Uniswap Lab Deal
The US-based team responsible for developing some of the most used blockchain infrastructure and apps is responsible for the Uniswap Trading API. Speaking about the recent event, Mary-Catherine Lader, COO of Uniswap Labs, noted that this move aims to unlock value through the universal exchange.
The core of the alliance with Ledger is simplifying the self-custody user experience. According to Lader, this step is crucial to bring the power of both teams’ innovation to more people. With clear signing, supported by swapping through Ledger Live using the Uniswap Trading API, users can perform transactions under secure circumstances.
Particularly, they could confidently sign transactions on their Ledger device as details became more human-readable. Ledger’s Chief Experience Officer (CXO) Ian Rogers acknowledged the evolution of the wallet maker.
He said it marks a transition from “a place you simply hold to your all-in-one solution to securely live your digital life.”
“You can earn yield, secure your logins, buy, send, and swap your digital assets, now with Uniswap, all within Ledger Live. Ledger is proud to collaborate with Uniswap, the number one dApp on the planet, and bring the exceptional user experience, range of tokens, and liquidity to every user of Ledger Live,” Rogers added.
Ledger Looks Out For Users’ Safety
It is worth noting that this development came a month after Ledger Wallet crypto users were targeted in a phishing scam. Cybercriminals targeted Ledger users with fake emails mimicking official communications. They falsely sold a data breach lies to access users’ recovery phrases.
Based on reports of the incident, the phishing emails directed victims to a convincing fake Ledger-branded website. The hackers hosted this site on Amazon Web Services. Once in there, users were redirected to a fraudulent domain, ledger-recovery[.]info, registered on December 15, 2024.
This site imitates Ledger’s official platform and prompts users to perform a “security check” by entering their wallet recovery phrases.
Meanwhile, Ledger inked a partnership with Coinbase that was similar to the recent one with Uniswap Labs. About a year ago, Coinbase Pay integrated into the Ledger Live app, allowing wallet owners to receive digital assets purchased from Coinbase directly without additional fees.
Both entities introduced this feature to provide users with a seamless, safe, and convenient experience.
This happened at a time when users were subjected to a “cumbersome process” that left them vulnerable to errors. Rogers mentioned that the integration will be crucial in streamlining crypto purchases for Ledger users. The outfit hinted that this will come without compromising the safety of their assets.
next