The DeFi Wallet from Blockchain.com received an essential update that enables users to trade Bitcoin (BTC) natively with major cryptocurrencies of ETH, USDT, BNB, and AVAX without requiring wrapped BTC (wBTC). The fusion with LI.FI Protocol, as a leading cross-chain swaps platform, provides the basis for this advancement in DeFi technology.
The new Cross Chain Trading on Blockchain.com enables native BTC trade directly through their platform while keeping user funds confidential and without KYC protocol requirements. This update promotes privacy as well as decentralization, thereby following the fundamental philosophies of the crypto world.
No Wrapping, No KYC: Just You and Your Bitcoin
This update features the most significant change as it eliminates the wrapping processes alongside KYC implementation. Bitcoin holders retain total ownership of their funds when they perform safe and instantaneous cross-chain swaps using their Bitcoin directly. The decentralized experience creates an easy path for users to manage their BTC transactions within the blockchain environment.
Blockchain.com introduced this feature to enable self-custody, together with user-friendly access which eliminates typical obstacles that prevent Bitcoin owners from using decentralized finance. The Blockchain.com DeFi Wallet features the service by letting users access it without needing third-party integrations.
Zero Trading Fees: For a Limited Time
Users can access all features of Blockchain.com’s trading platform without added costs because the company provides free trading during the introductory phase. The time-limited fee suspension motivates customers to use the native swap capabilities and experience their functionality.
Users can now exchange BTC for Ethereum tokens as well as Avalanche tokens through the same platform using a simplified transaction process that lowers costs. Wallet users can access the feature through the built-in swap tool and directly through this link because it is now available for use.
LI.FI Protocol Powers Cross-Chain Compatibility
Blockchain.com implements the LI.FI Protocol technology to enable asset transfer between EVM chains and Solana and Bitcoin platforms. Through its partnerships with MetaMask, Phantom, Robinhood Wallet, and 250 other companies, LI.FI provides secure cross-chain capabilities to Blockchain.com’s platform infrastructure.
The native BTC swap capabilities at Blockchain.com and LI.FI creates a new DeFi wallet standard that provides userswith better security and both convenience and utility.
