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1inch Unveils New Look as Coinbase Integrates API
Yahoo Financeยท 2025-10-03 15:01
Core Insights - The DeFi ecosystem 1inch has launched a new visual identity and domain, focusing on user experience and security for institutions [1] - Co-founder Sergej Kunz emphasized that DeFi will soon blend with traditional finance without centralization, highlighting the maturity of 1inch's rebrand while maintaining its mission [2] - The new slogan "We move forward as 1" underscores the importance of collaboration in the DeFi space to address fragmentation [2] Collaboration and Integration - 1inch has partnered with Coinbase, integrating its Swap API into the Coinbase app, allowing users to trade millions of digital assets [3] - Coinbase's head of trading described the collaboration as a significant advancement, enabling seamless access to decentralized exchanges (DEXes) for millions of users [4] Product Enhancements - 1inch has improved its flagship products, including its decentralized exchange aggregator dapp, wallet, business portal, and portfolio tracker, aiming to simplify the user experience for both retail and institutional investors [4] - The company is focusing on appealing to institutions by implementing globally recognized standards for information security and data protection [5] Ecosystem Growth - 1inch's ecosystem now has 25 million users and daily trading volumes exceeding $500 million [7] - The transition from the old website (1inch.io) to the new domain (1inch.com) reflects the company's growth and strategic direction [7]