Exodus Movement (ticker: EXOD), a publicly-traded company specializing in fiat-to-crypto services, has announced a partnership with blockchain hardware manufacturer Ledger to introduce a new crypto swap aggregator called XO Swap. This collaboration was revealed in a press release on Tuesday.

The XO Swap feature will be integrated into the Ledger Live application, enabling users to execute swaps across thousands of cryptocurrency pairs directly from their self-custody wallets. By facilitating connections to various third-party exchange API providers, the integration aims to enhance user experience while prioritizing security and control.

As one of the largest hardware wallet providers in the industry, Ledger is increasingly adopting a multichain approach to cryptocurrency, aiming to break down the silos between discrete blockchains. According to the press release, this integration offers a distinct advantage over centralized exchange platforms by enhancing user security and autonomy.

The XO Swap feature allows users to make on-chain transactions, facilitating the conversion of their crypto assets into different tokens. These swaps will be aggregated through multiple third-party trading platforms, delivering the converted assets directly to the user's Ledger wallet. The service will initially launch as a desktop application, with plans for a mobile version to follow.

In related news, Exodus Movement reported a quarterly loss of nearly $10 million in August, a significant decline from a profit of nearly $2 million during the same quarter last year. As the company navigates these financial challenges, the partnership with Ledger may provide a strategic avenue to bolster its offerings in the competitive crypto landscape.