CEX.IO, Wigwam Partnership Expands Defi Access To The Global Crypto Community


(MENAFN- GlobeNewsWire - Nasdaq) The collaboration establishes trusted pathways between legacy crypto products and decentralized applications, NFT marketplaces, and emerging opportunities in DeFi.

CHICAGO, Feb. 13, 2024 (GLOBE NEWSWIRE) -- CEX , a global ecosystem of products and services that connects curious participants to the cryptocurrency economy and decentralized finance, announces a partnership with Wigwam , a self-custodial, Web3 wallet that enables pathways to dApps and smart contract functionality. In turn, the partnership extends CEX's vetted listings and extensive payment methods to Wigwam customers.

By joining forces with Wigwam, CEX users gain a clear pathway to move digital assets between wallets, and deploy value across a menu of DeFi verticals. As a self-custodial wallet, users who elect to transfer digital assets to Wigwam's browser extension assume full custodial responsibility for those assets, including private keys. For the first time, CEX users are empowered to choose complete control of their crypto journey without losing access to legacy accommodations.

“This is an exciting time for the company, as we're making progress in a lot of uncharted territory,” said Alexandr Kerya , Vice President of Product Management at CEX.“Our award-winning product ecosystem gives Wigwam a firmer operational foundation, and establishes a longer runway to propel us into the next frontier of decentralized finance.”

With a Wigwam extension, CEX users can choose to transact on NFT marketplaces, interact with Play-to-Earn games that offer in-dApp purchases, or access other integrated DeFi services. Its compatibility with the Ethereum Virtual Machine allows greater mobility on more than 20 networks, including BNB, Polygon, Arbitrum, and others that utilize smart contracts via the Ethereum Network. With over six million users, CEX's global community joins Wigwam enthusiasts to celebrate a broader range of opportunities on their collective horizon.

“While DeFi requires a more hands-on crypto experience, adventurous and aspiring participants will have a trusted guide to help facilitate any resulting exploration,” Kerya added.

To learn more about Wigwam, click here .

###

ABOUT CEX

CEX was founded in 2013 with a mission to support global financial inclusion through the adoption of cryptocurrency and blockchain technology. As one of the most tenured market participants, CEX offers a comprehensive ecosystem of intuitive solutions built with safety and security at their core, enabling users to trade, store, transfer and earn digital assets. With over six million registered users globally, CEX helps retail, enterprise, and institutional customers seize opportunities in decentralized finance every day. Learn more at CEX or connect with us on LinkedIn .

© 2024 | CEX Ltd All rights reserved. Not to be reproduced or retransmitted without permission.

CEX is a trading name of, and [digital asset platform products and services] are offered by: in the U.S., CEX Corp., registered with FinCEN in jurisdictions where it is licensed to operate as a Money Service Business (MSB Activities 409 499), registered office 900 E Diehl Rd STE 110, Naperville, IL 60563; In Europe, CEX EU VASP, UAB is registered as the Virtual Asset Service Provider (VASP) and depository virtual currency wallets operator in the State Enterprise Centre of Registers of the Republic of Lithuania, registration number 306186479; CEX OVRS LLC, registered in St. Kitts & St. Nevis, No. L 22275, registered office Suite 1, A.L. Evelyn LTD Building, Charlestown, Nevis. CEX Limited and CEX OVRS LLC are subsidiaries of CEX Holding Ltd.

These materials are for informational purposes only, and are not intended to be used for trading or investment purposes or as an offer to sell or the solicitation of an offer to buy any security or financial product. These materials do not provide any form of advice (investment, tax or legal). CEX is not a registered investment adviser and does not provide investment advice or recommendations to buy or sell securities, to hire any investment adviser or to pursue any investment or trading strategy.

The value of digital and virtual currencies is derived from supply and demand in the global marketplace which can rise or fall independently of any fiat or government currency.

Holding digital and virtual currencies carries exchange rate and other types of risk.

Transactions in virtual currency are irrevocable, and, accordingly, losses due to fraudulent or accidental transactions may result in the loss of your money with no recourse.

Any questions regarding this document or application of any law, rule or regulation can be referred to us via email at [... ].

All trademarks, service marks, and trade names not owned by CEX Ltd are the property of their respective owners.


Please refer to the Terms of Use for more details.

CONTACT: Becky Sarwate CEX (773) 507-3554 ...

MENAFN13022024004107003653ID1107845953


Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.