Safello 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% of the transaction amount. In connection with the launch, Safello is offering a fee of 0.49% for the first three months.

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.