Exodus Movement, a publicly-traded fiat-to-crypto services company, has partnered with Ledger, a leading hardware wallet provider, to launch a new crypto swap feature named XO Swap. This feature will be integrated into the Ledger Live application, allowing users to perform swaps across thousands of crypto pairs directly from their self-custody wallets. The XO Swap will connect to third-party exchange API providers and will initially be available as a desktop service, with a mobile version planned for later. The integration aims to enhance user control and security, distinguishing it from centralized exchanges. Additionally, Exodus Movement reported a significant quarterly loss, contrasting with its profit from the previous year.

Exodus Movement (ticker: EXOD), the publicly-traded fiat-to-crypto services company, is partnering with blockchain hardware manufacturer Ledger on a new crypto swap aggregator, the companies announced Tuesday in a press release.The so-called XO Swap feature will be integrated into the Ledger Live application and facilitate connections to third-party exchange API providers, thereby enabling swaps across thousands of crypto pairs directly from users’ self-custody wallets.Ledger, one of the largest hardware wallet providers, is increasingly embracing the perspective of a multichain crypto industry and building services to make discrete blockchains less siloed.“This integration prioritizes user control and security, distinguishing it from centralized exchange platforms,” the press release reads. A swap between crypto assets is a type of financial agreement between traders that occurs on-chain, enabling them to convert their holdings to another token.These XO Swap transactions will be aggregated through multiple third-party trading platforms, delivering the assets directly to a user's Ledger wallet. It will launch first as a desktop service, with a mobile version expected later.Self-custody wallet company ​​Exodus Movement reported a quarterly loss of nearly $10 million in August, down from a profit of nearly $2 million in the same quarter last year.