• Press Releases
    • Submit a press release
    • Read All
  • Advertise
  • Contact us
Crypto.com Logo Crypto.com Logo
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • Gambling
      • Bitcoin Casinos
      • Real Money Slots
      • Online Casino Real Money
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Play Finance
Breaking News: Breaking: Digital Currency Group (DCG) Pulls The Plug On TradeBlock: The End Of An Era?
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • Gambling
      • Bitcoin Casinos
      • Real Money Slots
      • Online Casino Real Money
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Play Finance
Bitcoinist.com
No Result
View All Result
Breaking News: Breaking: Digital Currency Group (DCG) Pulls The Plug On TradeBlock: The End Of An Era?
Advertisement

OKEx Integrates With Polygon, How It Could Reduce Costs For DeFi Adoption

Bitcoinist by Bitcoinist
2 years ago
in Industry
0
Advertisement
Advertisement

Crypto exchange OKEx has announced an integration with scaling solution Polygon. The platform seeks to provide more access to Ethereum-based dApps. Thus, developers can build, and users can connect to them at a lower cost.

Ethereum is the number one platform for DeFi dApps. Uniswap, Curve, Aave, and others, operate on its network. The high operational cost has forced some users to look for alternatives. They have found them on Binance Smart Chain, Solana, and others.

Claim the JACKPOT with 55 FREE SPINS. Signup today to redeem your bonus.

However, DeFi on Ethereum remains popular and the features, security, and decentralization of their dApps along with the fast growth of its ecosystem continue to attract new users. OKEx leverage Polygon to provide its users with a better experience when transferring funds from the exchange platform to Polygon’s network and into DeFi.

OKEx CEO Jay Hao highlighted the importance of solutions such as Polygon for users which are “priority” for the platform. Hao added:

As Layer-2 technology, especially a few big names in the market, matures and becomes a solution to the congestion on Ethereum, we are happy to be one of the first major crypto exchanges to take up this innovation and bring Polygon’s solution to our users.

OKEx At The Forefront Of L2 Scalable Solutions?

Before the integration with Polygon, OKEx users needed to go through 3 steps with two different fees to withdrawal their tokens. Now, the process has been simplified and users can directly send funds to the Polygon network, incurring in only one transaction fee for the contract. Polygon co-founder Sandeep Nailwal said the following on the integration with OKEx:

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?
570% up to 12 BTC + 300 Free Spins for new players & 1 BTC in bonuses every day, only at Wild.io. Play Now!

We’re thrilled to see the integration of Polygon for direct withdrawals on OKEx, one of the biggest global exchanges. This will make it easier and more seamless for new users getting into the Polygon and Ethereum ecosystem.

Users can withdraw up to 23 assets with this integration and in total, they will save around 25% in transaction fees with faster transactions. With an ever-growing demand for DeFi, second layer scaling solutions have become a necessity and its integration could be the norm in the short term as users look for cost-efficient platforms.

Polygon’s native token MATIC has been highly resilient during the most recent downwards trend in the crypto market. At the time of writing, this token trades at $1,50 with an 8.4% in the daily chart and a 54.9% profit in the 30-day chart.

Polygon has attracted a lot of attention in the past months and has consolidated important partnerships. Its integration with OKEx is the latest in a long line of cooperation.

At the same time, OKEx has been consistent in its desire to bring in the most innovative solutions for the benefit of its users.

ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.

Bitcoinist

Bitcoinist

Bitcoinist is the ultimate news and review site for the crypto currency community!

Related Posts

Will HedgeUp (HDUP) Replace Opensea and Binance? Analyst Invision 2000% Gains in June

Will HedgeUp (HDUP) Replace Opensea and Binance? Analyst Invision 2000% Gains in June

3 hours ago
Ethereum (ETH) Price Prediction: Why Are Experts Confident in Shiba Inu and HedgeUp?

Ethereum (ETH) Price Prediction: Why Are Experts Confident in Shiba Inu and HedgeUp?

4 hours ago
The surge of the Cindicator token (CND): Exploring the 60% growth – Organic expansion or strategic play?

The surge of the Cindicator token (CND): Exploring the 60% growth – Organic expansion or strategic play?

4 hours ago
Arab Billionaire Who Always Buys Dogecoin (DOGE) and Shiba Inu (SHIB) Before Musk Tweets Is Loading Up on HedgeUp (HDUP) 2000% Presale Tokens

Arab Billionaire Who Always Buys Dogecoin (DOGE) and Shiba Inu (SHIB) Before Musk Tweets Is Loading Up on HedgeUp (HDUP) 2000% Presale Tokens

5 hours ago
How Much Will Bitcoin (BTC) Be Worth in 2028? Litecoin (LTC) Could Reach $500, HedgeUp (HDUP) Holders Up 30%

How Much Will Bitcoin (BTC) Be Worth in 2028? Litecoin (LTC) Could Reach $500, HedgeUp (HDUP) Holders Up 30%

6 hours ago
CoinEx Launches BitHK to Provide Crypto Trading Services for Hong Kong Users

CoinEx Launches BitHK to Provide Crypto Trading Services for Hong Kong Users

8 hours ago
Please login to join discussion

Premium Partners

Premium Casino Partners

Play Finance

Top Casinos

Trust Dice
Trust Dice
Punt Casino
Punt Casino
mBit
mBit
1xBit
1xBit
K8
K8

Press Releases

  • Is Betting About to Be Transformed by the Blockchain?...

    4 hours ago
  • Traders Foresee Significant Price Upswing for DigiToads...

    5 hours ago
  • 3 reasons why Inqubeta (QUBE) Sale Draws Attention from...

    5 hours ago
  • Chiliz and Stacks price struggles as Tradecurve expects a...

    9 hours ago
  • JP Morgan working on AI as Tradecurve already thinking...

    9 hours ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS
  • NAGA

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

Pages

  • Contact us
  • Editorial Policy
  • Advertise
© 2023 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • Gambling
      • Bitcoin Casinos
      • Real Money Slots
      • Online Casino Real Money
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Play Finance

© 2022 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.