cryptojournalist
PancakeSwap, a decentralized exchange (DEX) on the BNB Chain, has launched a Telegram bot that lets users trade over 3,000 tokens directly within the app, making decentralized finance (DeFi) more accessible.
Simple Trading on Telegram
With the new Telegram Swap Bot, users can trade tokens on PancakeSwap’s v2, v3, and stableswap platforms. While Telegram is not a dedicated trading platform, using it for crypto transactions taps into a broader trend of making DeFi accessible on popular apps.
Security for In-App Trading
Though Telegram lacks financial-grade security, PancakeSwap’s bot uses end-to-end encryption* to protect user data. Users also maintain control of their assets through self-custodial wallets**, just like on any DEX.
*End-to-end encryption: Security that keeps information private between sender and receiver.
**Self-custodial wallets: Wallets where users control their assets directly.
Portfolio Management Added
PancakeSwap recently introduced portfolio management with Bril Finance, enabling users to invest through single-asset vaults. This feature aims to optimize returns by adjusting assets automatically.
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