PancakeSwap launches Telegram bot for 3,000 token trades
PancakeSwap (CRYPTO:CAKE), a decentralised exchange on the BNB Chain, has launched a Telegram bot that enables users to trade over 3,000 tokens directly from the messaging app.
This initiative aims to make decentralised finance (DeFi) more accessible to Telegram’s broad user base.
The bot facilitates trading on PancakeSwap v2, v3, and stableswap.
While some users have raised security concerns about using a messaging app for financial transactions, PancakeSwap highlighted its emphasis on safety.
The bot incorporates end-to-end encryption using Telegram’s API to protect user data and trading activities.
“Security is a top priority for PancakeSwap, and the Telegram Swap Bot is designed with this in mind. Users retain control over their funds just like any interaction with a decentralised exchange,” stated a PancakeSwap spokesperson.
This launch is part of a broader movement to make DeFi services easier to access and reduce barriers to entry.
The trend also reflects an increase in Telegram Mini Apps and bots aimed at expanding crypto trading to a wider audience.
According to Bitget CEO Gracy Chen, the integration of such tools positions Telegram uniquely among social media platforms, noting, “Its ‘crypto adoption’ makes the messaging app stand out among other social media.”
Recently, PancakeSwap has also introduced a portfolio management feature in collaboration with Bril Finance.
Announced on October 30, this integration allows users to deposit tokens into single-asset vaults.
Bril’s liquidity algorithm, which automatically rebalances portfolios, is designed to offer higher risk-adjusted returns.
PancakeSwap’s “Head Chef,” Mochi, emphasised that the development helps the platform become “a one-stop shop for portfolio management.”
At the time of reporting, the PancakeSwap (CAKE) price was $1.78.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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