OKX, the world's fourth largest cryptocurrency exchange, is discontinuing its support for Tether trading pairs in the European Economic Area. This move comes ahead of the EU's implementation of the Markets in Crypto-Assets law, which restricts the use of certain stablecoins. OKX also plans to roll out new product offerings and Euro fiat onramps for EEA customers.
Tuesday, March 19, 2024OKX, a major cryptocurrency exchange, has launched its own Ethereum layer-2 scaling network called X Layer, built using Polygon's AggLayer solution. X Layer aims to provide faster and cheaper transactions, as well as seamless interoperability across different blockchains. The launch positions OKX as a competitor to Coinbase's Base, another layer-2 network built on Optimism's OP Stack.
OKX is introducing Solana's "Blinks" technology, which enables shareable URLs that execute on-chain transactions, to all Ethereum-compatible chains via its multi-chain wallet. This innovation allows users to interact with blockchain-based applications directly on websites or social platforms without leaving the site, enhancing the convenience and accessibility of on-chain actions across different ecosystems.