For Customers Log in
Contact Us

A swap is a financial transaction in which two parties exchange assets, cash flows, or obligations according to predefined terms. In decentralized finance, swaps typically refer to token exchanges executed via automated market makers (AMMs) without intermediaries. Users swap one cryptocurrency for another directly from liquidity pools, with pricing determined algorithmically. Swaps are foundational to DeFi, enabling trading, arbitrage, and portfolio rebalancing. While efficient, swaps expose users to risks such as slippage, impermanent loss, and smart contract vulnerabilities.

A swap is a financial transaction in which two parties exchange assets, cash flows, or obligations according to predefined terms. In decentralized finance, swaps typically refer to token exchanges executed via automated market makers (AMMs) without intermediaries.

Users swap one cryptocurrency for another directly from liquidity pools, with pricing determined algorithmically. Swaps are foundational to DeFi, enabling trading, arbitrage, and portfolio rebalancing.

While efficient, swaps expose users to risks such as slippage, impermanent loss, and smart contract vulnerabilities.

← Back to Glossary

Explore our services
Providing liquidity in the cryptocurrency market?
Authorize on our platform and do it smarter with FM Pulse.
pic

FM Marketplace

A reliable and high-performance crypto liquidity marketplace for institutions and businesses.

Learn more
pic

FM White Label

Launch your fully branded B2B crypto trading platform in under one week.

Learn more
pic

FM Liquidity Match

Crypto OTC-as-a-Service infrastructure for enhanced monetization and trade control.

Learn more

Scale your business, leave the hard work of your trading needs to us

Reduce your integration costs and operational risk across multiple access points with our platform

Get started