Switcheo Exchange adds support for Ledger hardware cryptocurrency wallet

switcheo partnership

Switcheo Exchange has announced partnership with Ledger, which is the most popular hardware wallet for storing cryptocurrencies. Under this partnership, Switcheo and Ledger will work together and enable users to trade directly from their hardware wallets while Switcheo exchange goes multi change and then cross-chain.

This means that while using Ledger, the transactions will happen directly from your hardware wallet and won’t be stored on the exchange. This will increase the security of the users’s fund which should always be a priority of a cryptocurrency exchange.

Ledger wallet, for those who do not know is leader in security and infrastructure solutions for cryptocurrencies and blockchain apps. Its headquarters are located in Paris, Verizon and San Francisco.

Switcheo is a decentralized exchange that runs on Neo blockchain. Like Ethereum DEX (IDEX, ForkDelta/DexDelta), it supports only NEO, GAS and NEP-5 tokens like Deep Brain Chain only. That said, Switcheo has promised cross-chain swapping capabilities for the future. This functionality will enable users to trade QTUM-20 and ERC20 tokens. Upcoming blockchains like Zilliqa and EOS will also be supported in future.

Switcheo is currently focused in delivering intuitive trading experience with minimal fees while delivering strong security and decentralized trading experience to the users.