Flash News: OKX now allows users to deposit and withdraw ETH via Starknet, a decentralized layer 2 network [Advance Cash ]

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DUBAI, United Arab Emirates, July 11, 2023 (GLOBE NEWSWIRE) -- OKXthe second-largest crypto exchange by trading volume and a leading company in Web3 technology, has released updates for the day July 11, 2023.

OKX now allows users to deposit and withdraw ETH via Starknet, a decentralized layer 2 network

OKX is proud to announce that it now supports Starknet, a decentralized Validity-Rollup, or "ZK-Rollup". From July 11, 2023 at 08:00 (UTC)OKX users will be able to deposit ETH via Starknet, with network withdrawals enabled at 08:00 (UTC) The next day. This addition gives users a wider range of fast and cost-effective options for transferring their ETH.

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Starknet is an Ethereum-based layer 2 rollup that provides an innovative and secure permissionless scaling solution. It paves the way for mass adoption of blockchain by allowing dApps to take advantage of Ethereum's composability and security, while realizing large-scale usage and the ability to build their vision.


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About OKX

OKX is the world's second largest crypto exchange by trading volume and a leading Web3 ecosystem. Trusted by over 50 million users worldwide, OKX is known to be the fastest and most reliable crypto trading app for traders around the world.

As a premier partner of English Premier League champion Manchester City FC, McLaren Formula 1, Olympian Scotty James and F1 driver Daniel Ricciardo, OKX aims to energize the fan experience with new opportunities of commitment. OKX is also the Tribeca Festival's Top Partner as part of an initiative to attract more creators to the web3.

Beyond the OKX exchange, the OKX wallet is the platform's latest offering for people looking to explore the world of NFTs and the metaverse while trading GameFi and DeFi tokens.

OKX is committed to transparency and security and publishes its proof of reserves monthly.

To learn more about OKX, download our app or visit: okx.com

Disclaimer

This announcement is provided for informational purposes only. It is not intended to provide investment, tax or legal advice, and should not be considered an offer to buy, sell, hold or offer services related to digital assets. Digital assets, including stablecoins, involve a high degree of risk, can fluctuate widely, and can even become worthless. You should carefully consider whether trading or holding digital assets is right for you in light of your financial situation and risk tolerance. OKX does not provide investment or asset recommendations. You are solely responsible for your investment decisions and OKX is not liable for any potential losses. Past performance does not represent future results. Please consult your legal/tax/investment professional with any questions regarding your particular situation.


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