1inch and Coinbase partner to deliver seamless token swaps for retail users

The integration makes Coinbase 1inch’s most significant US API client to date, enhancing Coinbase users’ access to seamless, secure token swaps.

1inch is thrilled to announce that it has integrated its Swap API into the major crypto exchange Coinbase’s app to bring seamless, secure and swift token swaps to Coinbase’s DEX trading platform users. The integration of the 1inch Swap API by Coinbase represents the DEX aggregator’s most significant US client to date.

Coinbase’s recently introduced decentralized exchange feature allows users to access on-chain assets directly through an integrated self-custodial wallet. By deploying the 1inch Swap API, Coinbase enables non-custodial, on-chain token swaps within its app, lowering barriers to DeFi further and providing users with greater access to liquidity.

This launch builds on 1inch’s commitment to growing its SaaS-based 1inch Business segment as a gateway for institutions, both TradFi and CeFi, to seamlessly integrate advanced DeFi technologies. With major players like Coinbase turning to 1inch to power their DEX trading, 1inch Business has become a key source of access for the crypto industry. 

“Our integration with 1inch is a significant step forward in bringing on-chain trading to our users,” said Scott Shapiro, head of trading at Coinbase. “Together we’re enabling seamless access to DEXes within the Coinbase app, which will bring millions of our users on-chain.”

“We are no longer just looking to unify DeFi, our vision extends to all financial markets,” said Sergej Kunz, 1inch co-founder. “1inch’s non-custodial swap products are the ideal solution for centralized players across both crypto and TradFi as they move to bring assets on-chain in a seamless and secure way. It’s great to see Coinbase getting ahead of this shift, others will inevitably follow.”

Coinbase is a US crypto exchange founded in 2012. On April 14, 2021, Coinbase made history as the first major US crypto exchange to go public, opting for a direct listing on the Nasdaq under the ticker COIN.

As the original creator of the DEX aggregation space, 1inch has consistently set the standard for on-chain trade optimization, routing over $748 bln in volume across hundreds of liquidity sources since its creation in 2019. 

1inch’s proven technology, battle-tested smart contracts and deep expertise in decentralized liquidity make the perfect partner to power this next phase of Coinbase’s on-chain journey. 

Stay tuned for more partnership news from 1inch!