Overview of Crypto trading

What is a token swap?

A token swap is an exchange of one crypto asset for another, usually facilitated through a decentralized exchange or specialized exchange service. The term may also mean the migration of a crypto asset from one blockchain to another. 

"A token swap can refer to one of two different processes.

First, the direct exchange of a one crypto asset to another between two users — say, from ETH to BTC — which is usually facilitated through a special exchange service or decentralized exchange (DEX).

Second, the migration of a crypto asset from one specific blockchain protocol to another — like, for example, if a token originally built for the Ethereum blockchain was redesigned to run on the Binance Smart Chain (BSC)."

Source: Gemini