Safello

Stockholm, 15 March, 2024 | Safello, the leading cryptocurrency exchange in the Nordics, is launching a new feature for trading between cryptocurrencies. The feature, called “swapping”, allows users to exchange ("swap") one cryptocurrency for another directly in the mobile application, without the need to involve fiat currencies (regular money) in the transaction.

Swapping creates a smoother user experience with greater flexibility. Safello's customers will benefit from the service as it improves the trading experience and makes it easy to smoothly enter and exit their crypto positions at all times. The ability to trade between cryptocurrencies enables investors to quickly reallocate their crypto portfolios dynamically. The procedure of having to exchange crypto to SEK or EUR before a cryptocurrency transaction can be carried out is eliminated, which contributes to increased flexibility.

Moreover, swapping enables a lower trading fee, which Safello is introducing with the launch of swapping.

The price for swapping transactions on Safello's platform is a fixed fee of 0.99 percent of the transaction amount. In connection with the launch, Safello is offering a fee of 0.49 percent for the first three months.

"Enabling swapping between cryptocurrencies is a step to enhance the product and customer experience for our broad user base. Cryptocurrencies are traded globally, around the clock, and throughout the year, which is unique compared to products traded on the stock exchange, and we want our customers to be able to benefit from this at Safello. We are happy to launch this feature with a  market-leading price for this type of transaction, for our users to benefit from," says Emelie Moritz, CEO of Safello.

The trading pairs currently offered for swapping on Safello are: ALGO-BTC, BTC-USDC, ETH-BTC, ETH-USDC, LINK-BTC, and UNI-BTC. More trading pairs will be added on an ongoing basis.

Initially, swapping will only be available in the mobile application.

###

For more information, please contact
Christian Ploog, press@safello.com

Certified Adviser
Amudova AB is Safello’s certified adviser.

Safello is the leading cryptocurrency exchange in the Nordics, with over 358,000 users.  The company is empowering financial independence by making crypto accessible to everyone. Safello offers a secure way to buy, sell and store crypto in seamless transactions at industry-leading speeds. Operating in Sweden, Safello has been registered as a financial institution with Finansinspektionen (Swedish Financial Supervisory Authority) since 2013 and is listed at Nasdaq First North Growth Market since 2021. For more information visit www.safello.com.