The Blockchain.com DeFi Wallet Receives an Essential Update That Enables Users to Trade Bitcoin (BTC) Natively

The DeFi Wallet from Blockchain.com received an essential update that enables users to trade Bitcoin (BTC) natively

Blockchain.com's DeFi Wallet has received a crucial update, enabling users to trade Bitcoin (BTC) natively with major cryptocurrencies like ETH, USDT, BNB, and AVAX without requiring any wrapped BTC (wBTC). This innovation in DeFi technology comes in partnership with LI.FI Protocol, a leading cross-chain swaps platform.

The new Cross Chain Trading on Blockchain.com allows for native BTC trades directly through their platform, keeping user funds private and without KYC obligations. This update prioritizes privacy and decentralization, aligning with the core values of the crypto domain.

No Wrapping, No KYC: Just You and Your Bitcoin

The most notable change is the elimination of wrapping processes and KYC implementation. Bitcoin holders maintain complete control of their funds as they perform safe and fast cross-chain swaps using their Bitcoin directly. The decentralized experience provides an easy way for users to manage their BTC transactions within the blockchain ecosystem.

Blockchain.com has introduced this feature to enable self-custody, along with accessible integration that removes typical hurdles for Bitcoin owners venturing into decentralized finance. The Blockchain.com DeFi Wallet offers the service, eliminating the need for third-party integrations.

Zero Trading Fees: For a Limited Time

All features of Blockchain.com's trading platform are available to users without any added costs, as the company is offering free trading during the introductory phase. This time-limited fee suspension encourages customers to utilize the native swap capabilities and experience their functionality.

Users can now exchange BTC for Ethereum tokens, such as WETH or STABLE tokens, or Avalanche tokens like AVAX or USDT, all within the same platform using a streamlined transaction process that minimizes costs. Wallet users can access the feature through the in-built swap tool or directly through this link. It appears that the feature is already available for use.

LI.FI Protocol Empowers Cross-Chain Capabilities

Blockchain.com has integrated LI.FI Protocol's technology to enable seamless asset transfer between EVM chains, Solana, and Bitcoin. With partnerships with MetaMask, Phantom, Robinhood Wallet, and 250 other companies, LI.FI brings its robust cross-chain capabilities to Blockchain.com's platform infrastructure.

The combination of native BTC swap capabilities from Blockchain.com and the integration of LI.FI Protocol marks a new standard for DeFi wallets, offering users both superior security and unmatched convenience and utility.