Solflare to let users manage Solana CeFi and DeFi accounts in one app with FTX integration
2022.07.07 20:05
Solflare to let users manage Solana CeFi and DeFi accounts in one app with FTX integration
On Thursday, Solana-native wallet Solflare released a new integration with cryptocurrency exchange FTX.com and FTX.us to simply portfolio management for Solana users. As told by Solflare, it would make transfers between one’s custodial and non-custodial balances trivial by enabling users to manage FTX funds directly from their Solflare web extension and later via the mobile wallet. Of course, FTX know-your-customer rules would still apply to link one’s exchange accounts with Solflare.
In addition, token swap on FTX accounts within the Solflare wallet would not be affected by Solana’s infamous network congestions as liquidity is sourced from FTX instead of Solana. Though deposits and withdrawals onto the Solana network may still be slow at times. The wallet supports FTX nonfungible tokens withdrawal, deposits, and visualization functionality.
