DEX OKX incorporates Uniswap API, introduces fee-less trading option.

Crypto exchange OKX has incorporated Uniswap Labs’ API into its decentralized exchange (DEX), enabling gas-free trading through a feature called “Snap.” This integration provides the OKX DEX with access to the UniswapX protocol and its liquidity. By utilizing a new model, liquidity providers cover the fees, allowing for no-fee swaps. OKX Chief Innovation Officer Jason Lau believes that this feature will benefit DeFi users by providing them with access to additional liquidity and eliminating common issues such as slippages, MEV bot attacks, and failed transactions. Lau stated that this integration is part of OKX’s broader efforts to expand users’ access to all on-chain use cases. Furthermore, OKX announced that its wallet users will be able to find their wallet within the Uniswap interface, thanks to the Multi-Injected Provider Discovery upgrade on Ethereum. This upgrade allows OKX wallet users to connect directly with Uniswap and engage in various activities such as crypto swapping, NFT trading, liquidity pool participation, and DApp development.