What is 1inch exchange?

Newborn Unicorn
Newborn Unicorn

1inch exchange is a decentralized exchange (DEX) built on the Ethereum blockchain. It was launched in May 2019 by Sergej Kunz and Anton Bukov, and has quickly become one of the most popular DEXs in the ecosystem.

1inch exchange allows users to trade a wide variety of cryptocurrencies, including Ethereum and ERC-20 tokens. The platform uses a unique algorithm to find the best prices across multiple DEXs, including Uniswap, Kyber, and Bancor. This allows users to access the best prices for their trades, and also helps to increase liquidity on the platform.

1inch exchange also has a built-in price oracle feature, which allows users to see real-time prices for the tokens they want to trade. This helps users make informed trading decisions and avoid paying high fees on other DEXs.

One of the key benefits of 1inch exchange is its user-friendly interface. The platform is easy to navigate, even for those new to cryptocurrency trading. It also has a wide variety of tools and features to help users manage their trades, such as stop-loss orders and price alerts.

Overall, the answer on a question what is 1inch exchange — it’s a reliable and safe option for trading cryptocurrencies. Its innovative approach to price discovery and user-friendly interface make it a top choice for many traders.




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