Haider Jamal

Jul 08, 2022

Solflare, A Solana (SOL)-Native Wallet, Recently Announced A New Integration With FTX.com And FTX.US

Solflare, a Solana (SOL)-native wallet, recently announced a new integration with FTX.com and FTX.US in order to make portfolio management for Solana users easier and more accessible.

According to Solflares team, this will simplify transfers between custodial and non-custodial accounts by allowing users to successfully manage FTX funds directly from their respective Solflare web extension and, later, through the mobile wallet. In order to connect the exchange accounts with Solflare, however, users should be aware that FTXs KYC rules would still apply.

Furthermore, because liquidity is sourced from FTX rather than Solana, token swaps on FTX accounts within the Solflare wallet will remain unaffected by Solanas frequent network congestions. Despite this, deposits and withdrawals on the Solana network may still seldom experience relatively slow speeds. Also, the wallet provides support for the deposit, withdrawal and visualization of FTX NFTs.

With this latest integration, Solflares ability to carry out coordinated airdrops along with various other yield incentives for DeFi users can be significantly improved. At the moment, Solana remains in the top ten cryptocurrencies by market capitalization but only barely, and something needs to change sooner rather than later if SOL looks to recover its previous heights.

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