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.
You may also like
Polygon’s Agglayer Unveils Game-Changing Testnet: A New Era for DeFi and GameFi
Is the Ethereum Price Crash Over? Here’s Where Its Headed Next
ETH's strong bounce from its 200DMA and potential Doji candle formation suggest the worst of the downside could be over.
Crypto Crash Hits Cardano Hard – Can ADA Hold $1 and Start 2025 Strong?
At intra-day lows, ADA had dumped over 40% since its recent highs. But the worst might already be over, and 2025 could bring new highs.
If the Bitcoin Reserve Bill is passed, it may bring an end to the cryptocurrency's four-year boom-bust cycle.
Bitcoin's price trend will no longer be as influenced by internal mechanisms such as halving, but rather more affected by external factors such as institutional adoption and geopolitical events.