Apr 21, 2025: Our weekly Institutional Insights explores the latest market developments — market performance, industry news, exchange-traded fund (ETF) flows, trending topics, upcoming events and token unlocks — to help you supercharge your crypto trading.

 explores the latest market developments — market performance, industry news, exchange-traded fund (ETF) flows, trending topics, upcoming events and token unlocks — to help you supercharge your crypto trading.

Weekly highlight — Trump wants to fire Powell? 

US president Donald Trump is actively considering firing Federal Reserve Chairman Jerome Powell, following Trump's public criticism of Powell for not moving quickly enough to reduce interest rates. National Economic Council Director Kevin Hassett confirmed that the administration is examining this option, suggesting that Powell's actions have politically favored Democrats. Hassett argued that the Federal Reserve's decision to raise interest rates shortly after Trump took office was intended to undermine the economic impact of the tax cuts implemented during his administration, which were deemed inflationary. He further criticized the Fed for not addressing inflation concerns stemming from federal spending under President Biden, implying a lack of accountability.

During a recent press conference, Trump conveyed his dissatisfaction with Powell, asserting that if he wanted to remove him, it could happen "real fast." While he did not explicitly state his intention to dismiss Powell, his remarks highlighted the growing tensions between the White House and the Federal Reserve regarding monetary policy. Hassett defended Trump's frustrations, advocating for a focus on economic policy rather than interpersonal conflicts. This situation underscores the complex dynamics between the executive branch and the central bank, as Trump navigates economic challenges leading up to the next election.

Weekly crypto highlight — XRP ETF coming

HashKey Capital has officially launched the HashKey XRP Tracker Fund, marking the first investment fund in Asia designed specifically to track the performance of XRP, the digital asset integral to Ripple's global payment ecosystem. This fund is aimed at professional investors and offers a unique opportunity to gain exposure to XRP without the complexities of direct asset management. Investors can subscribe through cash and in-kind options, with the fund providing monthly liquidity.

Ripple, as an early backer of the fund, is looking to enhance its strategic partnership with HashKey Capital, which already manages Hong Kong–listed spot ETFs for Bitcoin and Ethereum. This collaboration not only solidifies Ripple's presence in the Asian market, but also opens avenues for future financial products, such as the potential tokenization of a money market fund on the XRP Ledger. Fiona Murray, Ripple's Managing Director for the Asia-Pacific region, highlighted that this partnership is part of a broader strategy to introduce more regulated cryptocurrency products for institutional investors in the region, aiming to foster a more robust crypto landscape in Asia.

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Weekly Institutional Insights: Trump’s desire to fire Powell might induce volatility; XRP ETF coming

Hong Kong's Securities and Futures Commission (SFC) has approved a new Ethereum ETF with staking capabilities, allowing institutional investors to earn staking rewards.

Daily top performer — Pyth Network (PYTH)

The S&P 500 dropped 1.5% to 5,282.70 this week, down 5.9% in April and 10% year-to-date, led by tech losses. Real estate and energy outperformed, while political pressure on Fed Chair Powell and inflation concerns weighed on sentiment. Gold dipped 0.6% to $3,319 after a record high, as Powell’s stagflation warning tempered its rally. Despite the pullback, the uptrend remains intact. The Coindesk Indices, which tracks the broader crypto market, are up by 0.77%, with Bitcoin and Ether rising 0.64% and 0.72%, respectively, over the past 24 hours. Trade these markets and more with up to 500x leverage on Bybit MT5 using this 

Today's top performer is PYTH, up 10.1%, following the launch of Pyth Entropy for secure on-chain random number generation by Soneium.

Pyth Network (PYTH),  is a blockchain oracle system that delivers real-time crypto price data to blockchains, enabling smart contracts to react to market changes. Soneium 

 Pyth Entropy, a tool for securely generating random numbers on-chain. Two apps, HandsNFT AI and 2p2e, are already utilizing Pyth Entropy to create unpredictable and engaging experiences.

Check out the latest prices, charts, and data of 

Hong Kong's Securities and Futures Commission (SFC) has approved a new Ethereum ETF with staking capabilities, allowing institutional investors to earn staking rewards. This approval follows recent changes to local laws, with China Asset Management (ChinaAMC) partnering with OSL Digital Securities to launch the ETF by May 15. The ETF will offer exposure to Ethereum staking, transforming it from a passive investment into an active participant in the Ethereum network. The staking process is powered by Kiln, with OSL providing custody and insurance services. The rewards will contribute to the ETF's net asset value, benefiting shareholders.

Yesterday, Bitcoin spot ETFs saw $25.9M in inflows, all from non-GBTC funds, while GBTC recorded no flow.

" and a points campaign called Drops, where users can earn points—potentially leading to an airdrop—by engaging with Linera content on X. To join, sign up on 

, complete tasks like joining Discord and interacting on X, then enter the campaign. Keep engaging to earn more points, but avoid spamming.

Beginner

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Hong Kong approves Ethereum ETF with staking rewards, boosting institutional participation

Our weekly crypto derivatives analytics report delves into macro events; the current state of crypto and trading signals from spot trading volume; and futures, options and perpetual contracts.

US president Donald Trump’s tariff policies are influencing both crypto and US equities. Last week, BTC and the S&P 500 rallied due to a 90-day pause in reciprocal tariffs (excluding China). Equities are slightly below their April 9 highs, while BTC is holding above $83K. Its implied volatility term structure has normalized, and the volatility skew has improved from last week’s bias toward out-of-the-money puts, though it hasn't fully shifted toward calls.

Please check out the report’s highlights.

Tariff pause briefly brings back trading volume

Since our last report, open interest surged on Apr 9, 2025, as crypto spot prices rose after President Trump’s temporary tariff pause, accompanied by a nearly $10B increase in trade volumes. However, trade volumes have since returned to mid-March levels, and open interest has declined from the April 9 highs. The initial price spike indicates the tariff pause surprised the markets, but the subsequent pullback reflects concerns over remaining tariffs.

After being inverted for much of April due to trade policy shocks and macro headwinds, BTC’s term structure has disinverted, with front-end volatility dropping significantly this week. Call and put volumes have been balanced, with calls slightly exceeding puts most days. Apr 9, 2025, reflected mixed market sentiment, as both call and put volumes rose, but puts were higher overall. Open interest remains greater in calls, and has increased slightly since last week, reaching its highest level for the month (more than double from the beginning of April).

Despite a rally on Apr 9, 2025 that brought ETH close to $1.7K, traders sought downside protection, leading to higher volumes in put contracts as compared to calls. Since then, ETHUSDT options volumes have declined, but open interest remains strongly weighted toward calls with later expirations, which have increased since last week. After being inverted for much of April, ETH’s term structure of volatility has flattened, with volatility compressing around the 70% mark across tenors.

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Bybit X Block Scholes crypto derivatives analytics report (Apr 16, 2025): Bitcoin put bias has moderated, but not yet shifted to calls

KiloEx (KILO) is a user-friendly DEX for perpetuals trading, offering high leverage, rewards, LSTfi integration and a robust multi-chain ecosystem.

 trading is one of the most lucrative areas for cryptocurrency enthusiasts if you know how to navigate the sometimes complex world of these contracts. Unlike standard futures, perpetual futures contracts have no expiration date, allowing traders to hold onto their positions as long as they prefer. You only exit a crypto perpetual (or “perp”) contract when you feel it’s the best time to execute your long or short trade. The lack of an expiration period makes these contracts attractive for traders.

Unfortunately, many crypto perpetual contract trading platforms are far from user-friendly. It seems like many perpetual crypto exchanges assume that only professional traders dabble in these contracts, and along with that assumption goes a second one — that these pros can navigate even the most complex user interfaces. As a result, finding a user-friendly perps platform is a challenge in the world of crypto trading.

 (DEX) that aims to change the status quo by providing a user-friendly environment for traders. Its platform also offers high leverage ratios, integration into the wider liquid staking token finance (LSTfi) ecosystem and generous reward programs for referrers and affiliates.

Thanks to its numerous benefits, this DEX caters to the needs of traders at all levels of expertise who are interested in crypto perpetuals. Operational since mid-2023, KiloEx launched its native token, KILO, in March 2025 to further enhance its platform's reward, staking and governance mechanisms.

 (BNB) that specializes in crypto perpetual futures trading.

 The platform prides itself on offering a user-friendly interface, high 

 ratios of up to 100x, multi-token vaults with generous APYs and a number of reward programs for referrers and affiliates.

Co-founded by Joey Ni (CEO) and Charles Gong (COO), KiloEx was originally launched on BNB Chain's mainnet in June 2023. As of mid-April 2025, the platform has additionally expanded its service coverage to five 

 (B2). This coverage allows KiloEx to access the ecosystems of three leading blockchain platforms — 

Manta, Base and Taiko are Ethereum-focused Layer 2 solutions, while opBNB is an efficient and low-cost optimistic rollup for the BNB Chain, while B

 is a platform linked to Bitcoin that acts as a major Bitcoin DeFi (BTCFi) enabler.

Because it’s a BNB-native platform, KiloEx's industry footprint is most notable within this blockchain's broader ecosystem. In fact, as Apr 17, 2025, KiloEx is the top DEX on the opBNB network by 

Using Layer 2 chains allows KiloEx to offer its users fast and low-cost transactions, which isn't always possible on a typical Layer 1 network. It's true that BNB Chain, the primary Layer 1 used by KiloEx, generally has much lower gas fees than Ethereum, the industry's leading 

 chain that’s notorious for its exorbitant costs. However, KiloEx's partner Layer 2 networks help drive costs and transaction times even lower. BNB Chain's current average gas fee is slightly over $0.10, while the opBNB Layer 2 rollup's comparable fee is only about $0.005.

In 2024, the platform introduced one of its most innovative features — the 

, which allows liquidity providers to stake multiple assets to earn high yields. That same year, KiloEx significantly expanded its partnership network, becoming an active player in the LSTFi ecosystem. LSTFi is a new stream within the DeFi industry that allows you to use 

 (LSTs) on various protocols for additional yield.

Having solidified its market presence in 2024, the project launched its native token, KILO, in March 2025. However, in mid-April 2025, KiloEx 

 and halted trading on April 15 as a risk management measure, pending investigation of the damage.

The Hybrid Vault is among the most innovative features offered by KiloEx. Essentially, it acts similarly to liquidity pools on other exchanges. Liquidity providers can contribute their crypto funds to the vault to support trading activity on the DEX and earn interest on their contributions, based on the fees earned by the protocol.

You can contribute a mix of coins to a KiloEx vault. Supported assets include 

Depending upon trading activity and the mix of coins contributed, you can earn APYs as high as 30%, making KiloEx one of the most lucrative choices for liquidity providers in this niche.

KiloEx uses a health factor calculation for this type of vault to keep your funds and the entire ecosystem safe. Based on the health factor score of your contribution to the vault, your funds could be liquidated if their value drops dangerously low.

Discounts are also offered for fixed-term deposits for established assets, such as USDT and USDC. Withdrawals for the fixed deposits are processed upon maturity, while all other withdrawals are processed within one to three "epochs," with each epoch on the platform lasting about three days. Thus, depending upon your contributed funds, you’ll wait anywhere from three to nine days to receive your crypto back.

The KiloEx platform also runs a generous referral program under which you can earn rewards for referring your friends to the platform. The amount you earn depends upon the trading volumes generated by the people whom you’ve referred. Additionally, your referees to the DEX can also benefit from fee rebates, again depending upon the volume of trade they generate.

There’s a tiered system, comprising nine levels, based on which you and your friends earn commissions and rebates. Under this system, even those referred traders whose monthly volume is at the lowest level (below $5,000) can still benefit from 5% rebates, while you also earn a 10% commission.

The table below shows the structure of this referral system with percentages for commission and rebates based on monthly trading volumes.

KiloEx offers an affiliate program for key opinion leaders (KOLs) with a certain level of social media following and influence in the crypto market. KOLs may apply to join the program by filling out an application, which is then considered by the project team within 48 hours.

To qualify for affiliate status, a KOL must have: 

Approved affiliates are provided a link to the platform, and are encouraged to invite their followers to trade on the KiloEx. If they invite at least five followers who trade at sufficient levels, the affiliates can start earning their commission. KOLs can earn up to 55% commission, depending upon the referred followers' trading activity.

KiloEx’s native utility token, KILO, is a 

 asset launched on BNB Chain. It’s used on the platform for governance, fee discounts on trades, rewards via 

, liquidity provision incentives and staking.

KILO is a supply-capped asset, with a maximum and total supply of 1 billion. The token’s supply allocation shares are shown in the chart below.

xKILO is an escrowed version of the KILO token. You can convert KILO to xKILO at a fixed rate of 1:1. The primary utility of xKILO is to provide boosted liquidity provision, which makes it possible to receive staking rewards. By locking xKILO on the platform, you can access special discounts and other benefits reserved for VIP-level users. Holding xKILO also grants you governance power to vote and influence the platform's future direction.

Unlike KILO, xKILO is nontransferable and isn’t tradable on the secondary market. The only ways to obtain xKILO are either to buy it with KILO or receive it via airdrops.

Platform users can earn points to qualify for KILO airdrops. Typically, you accumulate points by trading, depositing funds, referring others to the DEX, checking in to the platform and completing other specified eligible activities.

The project’s initial airdrop, Genesis Season, had an eligibility snapshot taken back in July 2024. Under the currently running airdrop campaign, Pioneer Season, users can earn points to receive KILO tokens for 180 days past the token generation event (TGE) in late March 2025 (i.e., until late September 2025).

Additionally, you can earn KILO tokens on Bybit simply by participating in the 

 event and holding BNB in your account. Every day at various random times, Bybit will take snapshots of your BNB holdings in your Funding and Unified Trading Accounts to calculate the number of KILO tokens you’re eligible for. The campaign will run through Apr 25, 2025, 11:59PM UTC, and you’ll have your share of KILO airdropped seven days after this date.

 market as a swap pair with USDT. If you don't have a Bybit account, you can easily 

, and access opportunities across hundreds of trading pairs and crypto products on the exchange's Spot and Derivatives markets.

As of Apr 17, 2025, the KILO token is trading at $0.039, which is 76.2% lower than its ATH of $0.1648 on Mar 27, 2025, and 17.3% higher than its ATL of $0.03344 on Apr 12, 2025.

Long-term price forecasts for KILO are mostly bullish. CoinCodex 

 at $0.0387 in 2027 and then rise to $0.135 in 2030 while PricePredictions 

When it comes to perpetuals trading, both traditional 

 (CEXs) and DEXs have often struggled to offer an intuitive trading experience. In contrast, KiloEx has made user-friendliness a cornerstone of its operations. With KiloEx, you can enjoy a streamlined trading process, access market trends info for thorough research, get an overview of the cryptocurrency market and conduct other activities via an interface that’s designed for anyone, irrespective of their familiarity with decentralized trading.

The platform also boasts a diverse range of other benefits not easily found in the world of perpetuals-based cryptocurrency trading — generous leveraged trading options, trading fee discounts, lightning-fast trades, low trading fees and an innovative Hybrid Vault system. Many of these benefits are thanks to KiloEx's collaboration with several Layer 2 decentralized platforms, which provide the technical infrastructure to enable low costs and fast order processing.

If you’re a crypto perpetuals enthusiast, KiloEx is definitely a platform to peruse.

Intermediate

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KiloEx (KILO): More than a DEX — a rewarding ecosystem

Bybit Learn

DeFi

Explainers

A token swap involves the exchange of token types between two parties, from one blockchain to another. Find out what it is and how to do it in this article.

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Are you ready to explore the fascinating world of token swaps? As the 

 landscape evolves, “what is token swap” has become an increasingly popular question, as these swaps offer users a way to trade and diversify their crypto assets. In this comprehensive guide, we’ll delve into the intricacies of token swaps, reveal the benefits they offer, and provide valuable tips to ensure a smooth and successful swapping experience. Let’s dive in and unlock the potential of this innovative trading method!

Token swaps have become a key component of the crypto landscape, facilitating smooth and secure exchanges of digital assets. With an array of options, such as regular token swaps, cross-chain swaps, and token migrations, it’s crucial to grasp the fundamentals and understand the differences between these types, including the process of token migration.

So, what exactly is a token swap, and how does it function? Let’s delve into the realm of token swapping and reveal its diverse types and processes.

At its core, a token swap refers to the process of exchanging one cryptocurrency for another, either within the same 

 or across different blockchains. Token swaps provide a decentralized and secure way for users to trade their digital assets without relying on traditional intermediaries like centralized exchanges. This is achieved through the use of blockchain-based smart contracts, which facilitate direct transactions between users, providing a trustless and transparent trading environment.

Ultimately, token swaps promote efficiency, security, and liquidity in the ever-evolving world of cryptocurrencies.

Token swaps fall into three main categories:

Understanding these types of token swaps is vital for making informed decisions and optimizing your trading experience.

While the world of token swaps might seem daunting, gaining a clear understanding of the process is vital for successful trading. With various platforms available for token swaps, such as decentralized exchanges (

), and cross-chain swaps, it’s essential to know how each platform operates and the unique advantages they offer.

Let’s delve into the mechanics of token swaps and examine the token swap process on different platforms to guarantee a smooth and secure trading experience.

Token Swaps on Decentralized Exchanges (DEXs)

Decentralized exchanges (DEXs) have gained popularity for their ability to facilitate token swaps without the need to deposit assets into the exchange. Platforms like 

 (AMMs) and liquidity pools to streamline the swapping process. Users simply connect their wallets, choose the desired token pair, and execute the swap, all while maintaining control over their assets.

DEXs, with their heightened security, privacy, and lower fees, provide a user-friendly and economical solution for token swaps.

Token Swaps on Centralized Exchanges (CEXs)

, use traditional order books and matching engines to facilitate token swaps. The process is as follows:

Though CEXs provide greater control over assets and a familiar trading milieu, they might fall short on the privacy and security features offered by decentralized platforms.

Cross-chain token swaps enable the exchange of tokens, including native tokens, between different blockchains, expanding the possibilities for trading digital assets. This innovative approach uses bridges or atomic swaps to facilitate secure and trustless transactions, bypassing the need for intermediaries or centralized exchanges.

For example, a user can swap tokens issued on the Ethereum blockchain for tokens issued on the BNB Chain, seamlessly and securely. By harnessing the power of cross-chain swaps, traders can access a broader range of assets and unlock new opportunities in the crypto market.

Token swaps offer a plethora of advantages, making them an attractive option for traders and investors alike. By simplifying the trading process, providing access to various crypto assets, and enhancing security and privacy, token swaps have revolutionized the way we exchange digital assets. 

This process offers several strategic benefits that you should know about before making your next exchange.

One of the primary advantages of token swaps is the simplified trading process they offer. By eliminating intermediary steps and reducing transaction fees, token swaps make it easier and more cost-effective for users to exchange their digital assets.

 provide a simplified solution that involves only one step. Investors simply need to input the details of their desired exchange to the interface, and the platform does the work without the trader needing to take any additional action.

Whether you’re using a decentralized exchange like Uniswap or a centralized platform, token swaps provide a seamless and efficient trading experience, enabling you to focus on your investment strategy rather than navigating complex processes.

Token swaps open the door to a diverse range of crypto assets, including crypto tokens, allowing investors to diversify their portfolios and gain exposure to a wide variety of cryptocurrencies. Token swaps, by facilitating the exchange of tokens between diverse blockchains or platforms, empower traders to venture into new projects and invest in a variety of digital assets.

This amplified asset diversity can help investors manage risk and potentially expand their investment opportunities in the cryptocurrency market.

Cryptocurrency exchanges require you to identify a trading pair, which consists of both the token you wish to sell and the one you want to buy. Generally, your original token must be exchanged for the pair, which must then be exchanged for the desired token. Each transaction can incur separate fees, which has a direct impact on profitability. Because a token swap is a single transaction, however, fees are kept to a minimum for each investor’s financial gain.

The cryptocurrency market is well-known for its volatility, which can make crypto trading profitable. However, profits are directly impacted by the exact prices of the tokens at the time the exchange is executed. The multistep process used by a traditional exchange is cumbersome and time-consuming, and exact timing of execution simply isn’t possible. Token swapping, on the other hand, is instantaneous, which optimizes profitability by giving traders more control over timing.

Token swaps on decentralized platforms offer increased security and privacy compared to traditional exchanges. By allowing users to maintain control over their 

 and eliminating the need for centralized intermediaries, decentralized token swaps provide a secure, trustless trading environment. Furthermore, decentralized platforms often employ advanced encryption and smart contract security measures to safeguard user data and protect against potential threats.

Token swaps, with their heightened security and privacy, provide traders and token holders seeking safe and transparent trading with peace of mind.

While token swaps offer numerous advantages, they are not without their risks and challenges. From slippage to platform security concerns and inflexible deadlines, it’s essential to be aware of the potential pitfalls associated with token swaps.

With a clear understanding of these risks and taking appropriate precautions, you can confidently traverse the world of token swaps and bolster your trading success.

Slippage is a common risk associated with token swaps, and a token swap occurs when the executed price of a token swap differs from the expected price due to low liquidity or market volatility. This can lead to potential losses if a trade is executed at a less favorable price than anticipated.

To mitigate the risk of slippage, it’s essential to evaluate the liquidity of a token swap platform and consider potential slippage risks before executing a swap.

The security of token swap platforms is a critical consideration for traders, as some platforms may have vulnerabilities that expose users to potential risks. To ensure a secure trading experience, it’s crucial to research and choose a reliable platform with robust security measures in place, such as encryption, smart contract security, and regular security audits.

Token swaps may have strict deadlines and inflexible processes, which can result in frozen or returned tokens if not followed correctly. To navigate these challenges, it’s vital to be aware of any deadlines associated with a token swap and adhere to the specified requirements and procedures.

By doing so, you can minimize the risk of losing your swapped tokens and ensure a successful token swap experience.

With a multitude of token swap platforms available, it can be challenging to determine which one best suits your needs. By evaluating platform features and comparing popular token swap platforms, you can make an informed decision and choose the right platform for your trading requirements.

Let’s delve into how to evaluate and contrast token swap platforms to guarantee a smooth and secure swapping journey.

When choosing a token swap platform, it’s essential to consider the following factors:

By carefully evaluating these features, you can identify the platform that best aligns with your trading needs and preferences.

Furthermore, it’s crucial to consider the platform’s reputation, user interface, and customer support, as these factors can significantly impact your overall trading experience.

A comparison of popular platforms — such as Bybit Web3 Swap, 

 — can provide valuable insights to help you select the best option for your needs. Each platform offers distinct features, advantages and fees, so it’s essential to weigh the pros and cons of each before making a decision.

By carrying out detailed research and contrasting the offerings of different token swap platforms, you can make a well-informed decision and enhance your trading journey.

Mastering the art of token swapping requires a combination of knowledge, strategy, and practical tips. To help you navigate the world of token swaps with confidence, we’ve compiled a list of essential tips:

By following these guidelines, you can maximize your trading success and make the most of your token-swapping experience.

Gas fees on Ethereum-based swaps can significantly impact your overall trading costs. To minimize these fees, consider the following strategies:

By implementing these strategies, you can reduce the impact of gas fees on your trading costs.

By carefully managing gas and exchange fees, you can optimize your token swapping experience and reduce your overall trading costs.

Ensuring compatibility between your chosen wallet and the token swap platform is crucial for a seamless trading experience. Before committing to a wallet, research its features, security measures, and compatibility with popular token swap platforms.

, are specifically designed for token swaps and offer enhanced functionality and security. By selecting the right wallet, you can ensure a smooth and secure token-swapping process.

Evaluating the liquidity of a token swap platform is essential for minimizing slippage risks and ensuring efficient trading. To assess liquidity, consider factors such as market capitalization, liquidity pools, and market participation.

Additionally, it’s crucial to set appropriate slippage tolerance levels to buffer against potential price discrepancies during volatile market conditions. By carefully assessing liquidity and slippage, you can mitigate risks and optimize your token swapping experience.

Now that you’re well-versed in the world of token swaps, it’s time to put your knowledge into practice. In this step-by-step guide, we'll first guide you through the process of swapping tokens on Bybit Web3 Swap. With its latest enhancements, this platform offers a user-friendly and comprehensive experience, making it an excellent starting point for both newcomers and seasoned traders. 

After covering Bybit Web3 Swap, we'll walk you through the process of swapping tokens on various platforms, including decentralized exchanges, centralized exchanges and cross-chain swaps. 

By carefully adhering to these comprehensive instructions, you can carry out token swaps with confidence and fully leverage this innovative trading technique using the exact swap pair.

Before you can get started with swapping tokens on Bybit Web3 Swap, you’ll first need to 

 if you require any assistance in the registration process. 

Once you’ve created an account, you can follow the steps below to swap your tokens on 

button at the top right corner of the Bybit home page to log in to your Bybit account. 

tab in the navigation bar at the top of the home page, and click on 

: A pop-up window should appear that will prompt you to create your Bybit Wallet when you enter the Bybit Web3 Portal. Click on 

What Is Token Swap? The Ultimate Guide to Swapping Tokens

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