Oobit Wallet - new Swap feature for direct trade of one cryptocurrency for another
Just to be clear, users are required to do the KYC process even if they would "only" use this wallet for sending and receiving transactions?
I believe after contacting the company the answer is yes.
Looks like it's heavily inspired by Blockchain.com's platform

They tried to combine the best of all platforms for a complete solution
Cryptocurrency under your control
IMO, the part I've highlighted in red is misleading.