Pangolin cryptocurrency exchange is a decentralized exchange (DEX) that runs on Avalanche blockchain and uses the same automated market maker (AMM) model as Uniswap. It offers trading services, limit orders, staking, farming, and many other services.
Because the Pangolin crypto exchange is a DEX, it does not fall under KYC identification legal regulations. The exchange did not introduce an obligation to perform any sort of user identification. Also, it does not restrict any countries.
Pangolin is available via a website with a modern feel that makes buying, selling, and exchanging crypto coins easy for experienced users and for users with little to no knowledge. The simple interface does not provide information on a specific token's Pangolin volume; this can be found in Pangalon protocol analytics tools. Besides, the project does not have a mobile app.
The exchange does not – like almost all other DEXs – accept any fiat currency deposits. This is why the Pangolin crypto exchange facilitates only crypto-crypto trading with over 104 assets. Over 280 Pangolin trading pairs are available in total. Pangolin spot trading is also available. Same for margin or leverage transactions, thanks to the partnership with the Marginswap, which allows Pangolin users to trade with margin and leverage on select assets.
The exchange uses the Pangolin token (PNG) as its governance token. PNG holders can use them to provide liquidity in Pangolin's pools and vote on proposals. PNG staking is also possible. Check out the Pangolin crypto price right here.
In regard to Pangolin exchange fees, there is a 0.3% liquidity provider fee for each swap on Pangolin, along with a gas fee that a customer needs to pay to the network. It does not charge any transfer or withdrawal fees other than the network fees. Pangolin crypto fees are above the industry average compared to CEXs and DEXs.
With Pangolin, users can access new tokens seamlessly thanks to its compatibility with all Ethereum tools. Using the deposit features, a user can transfer stablecoins (USDT, USDC, etc.) and ETH from the Ethereum chain to Avalanche's chain. Moreover, by using the Avalanche Bridge (AB), it is possible to swap ERC-20 tokens from Ethereum to Avalanche's C-Chain and back.
Pangolin's automated liquidity pools make swapping Avalanche tokens for Ethereum tokens simple. This exchange currently offers one of the best DEX functions on Avalanche. The Super Farm feature offers liquidity mining. Typically, users can earn even up to 115% APR by farming on liquidity pools. Moreover, staking on Pangolin is also possible and relatively straightforward. It can offer returns of around 24%. To use this feature, a user must have an Avalanche or Ethereum-supporting wallet.
About the Company
Pangolin cryptocurrency exchange was founded by an anonymous team and launched in February 2020, while the governance token PNG was also launched the same year. The exchange is a community-driven project. Ava Labs did the initial development work, but now, community-chosen members take the roles of lead developers. In August 2021, it was reported that the Pangolin trade volume exceeded $155 million.