Ledger becomes first hardware wallet to integrate into DeFi

Ledger has jumped into the DeFi space with integration of a DEX that allows users to trade crypto without risking coins being held on an exchange

Hardware wallet provider Ledger has announced the integration of DeversiFi, a decentralised exchange that gives traders an edge in fast-moving decentralised finance (DeFi) markets.

Users will be able to connect their Ledger hardware devices directly to the DeversiFi platform, which will give them the ability to trade trustlessly, confirm transactions and sign messages directly from the device.

The integration mitigates against counterparty risk associated with traditional centralised exchanges, especially in light of numerous exchange hacks over the past decade.

“We’ve been interested in the DeFi space for some time now, and are glad to have found the right partner to ensure that users can trade DeFi assets knowing they are receiving not only a level of security that is up to the Ledger standard, but rapid transactions,” said Pascal Gauthier, CEO of Ledger.

Ross Middleton, CEO of DeversiFi, hailed Ledger as an “industry leader” for its robust hardware wallets before going on to say: “We designed our new platform with these key values in mind and with the support of decisive user surveys, chose Ledger as our first fully native integration, giving users a reliable way to trade at high speed with unparalleled control and security.”

The partnership with Ledger comes after a recent DeversiFi platform upgrade as well as the integration of StarkWare, a scalability solution for non-custodial trading.

Traders will now have access to a variety of industry significant improvements, including a current transaction settlement rate of over 9000 transactions per second.

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Disclaimer: The views and opinions expressed by the author should not be considered as financial advice. We do not give advice on financial products.

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