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Finance

DeFi Portal 1inch Launches Wallet App on Android

The move comes nearly one year after the app became available on Apple's iPhone.

By Camomile Shumba
AccessTimeIconMar 31, 2022 at 3:00 p.m. UTC
Updated May 11, 2023 at 7:13 p.m. UTC
1inch co-founders Anton Bukov (left) and Sergej Kunz (1inch Network)
1inch co-founders Anton Bukov (left) and Sergej Kunz (1inch Network)

1inch, a decentralized finance (DeFi) protocol for routing cryptocurrency trades, has released a wallet for Android users, according to a statement on Thursday.

  • Android users will be able to store, send, receive and trade crypto on Ethereum, BNB Chain, Polygon and Avalanche, as well as take advantage of token swaps, according to the statement. They'll also be able to connect the wallet to the decentralized application in any browser or device.
  • 1inch released its wallet app on Apple's iPhone in late April 2021, two months after it went live on Binance Smart Chain (now known as BNB Chain).
  • 1inch is one of the largest decentralized exchange (DEX) aggregators, with 24-hour trading volume of $309 million on Ethereum, according to Dune Analytics.
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    CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

    Camomile Shumba
    Camomile Shumba

    Camomile Shumba is a CoinDesk regulatory reporter based in the UK. She previously worked as an intern for Business Insider and Bloomberg News. She does not currently hold value in any digital currencies or projects.

    Follow @camomileshumba on Twitter