Solflare has released a new integration with the exchange FTX.com and FTX.us
On Thursday, the Solana (SOL) Solflare wallet released a new integration with the cryptocurrency exchange FTX.com and FTX.us to simplify portfolio management for Solana users.
As Solflare said, this will make transfers between depository and non-custodial balances trivial, allowing users to manage FTX funds directly from their Solflare web extension and then via a mobile wallet. Of course, the FTX Know Your Customer (KYC) rules will still apply to link your exchange accounts with Solflare.
In addition, the token swap on FTX accounts in the Solflare wallet will not be affected by the infamous congestion of the Solana network, since liquidity comes from FTX instead of Solana. Although deposits and withdrawals on the Solana network can still be slow at times. The wallet supports FTX token withdrawal, deposits and visualization functions. For decentralized financial users, or DeFi users, integration will improve Solflare's ability to conduct coordinated resets and other profitability incentives. Filip Dragoslavich, co-founder of Solflare, commented:
"FTX is probably one of the most popular centralized exchanges for DeFi users, especially on Solana. The integration of the two brings both worlds together, where you can manage your FTX account without leaving Solflare. Confirming your wallet address is one unique person registered on FTX can provide new Web 3.0 features that are compliant with regulatory requirements."
Solflare is a community-created wallet specifically for Solana. The wallet allows users to send and receive their own SOL tokens, as well as send and receive equivalent Solana ERC-20 SPL tokens. It also supports the SOL token rate, the extended NFT token, interoperability, the use of the DeFi protocol, DApp notifications, and Ledger hardware wallet support.
https://coin-signal.com/cryptonews/solflare-has-released-a-new-integration-with-the-exchange-ftx-com-and-ftx-us/
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