What is a token swap?

At its core, a token swap refers to the process of exchanging one cryptocurrency for another, either within the same blockchain or across different blockchains. Token swaps provide a decentralized and secure way for users to trade their digital assets without relying on traditional intermediaries like centralized exchanges.

What are the benefits of token swaps?

Here are some of the most notable benefits of token swaps: Token swaps help you widen your exposure to crypto assets, even if you own just one crypto token. For example, ETH holders can go to a CEX or DEX to exchange their tokens for wBTC, BNB, ENS, MATIC, USDT, and a long list of other tokens.

What are the different types of token swaps?

Token swaps fall into three main categories: Cross-chain token swaps enable the exchange of tokens between various blockchains using bridges or atomic swaps. Understanding these types of token swaps is vital for making informed decisions and optimizing your trading experience.