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
After the US stock market plummeted, "Wood Sister" Cathie Wood said: The more the market worries, the more optimistic I become, the bull market is not over
As the Nasdaq falls into a correction zone, Cathie Wood ("Sister Wood") stated that the prevailing market anxiety actually makes her more confident in the continuation of the bull market. She attributes this correction to pressures in the bond market and controversies over AI capital expenditures, but emphasizes that the technological revolution is still ongoing. She also revealed that ARK has used the opportunity to increase its holdings in high-conviction positions such as SpaceX, and expects the stock market to perform well through 2027.
After the "Black Week" for tech stocks, Wall Street calls for "bottom fishing"
Morgan Stanley has made it clear that "the next two to three weeks are the time to increase positions." Ed Yardeni characterizes the current downturn as a "correction" rather than the bursting of a bubble. Major Wall Street institutions have an average year-end target for the S&P 500 of 7,973 points. However, most strategists believe that the direction of AI policy remains the largest variable.
CoreWeave writes to Texas governor-elect seeking "data center consultation"
In this open letter, Michael Intrator stated that CoreWeave "strongly supports" Hinojosa's principled position that the growth of data centers must benefit the people of Texas. "We welcome the opportunity to work with your transition team to responsibly advance approved projects and to establish clear and lasting standards for future developments," he said.
Crypto prices
More
