- OKX’s P2P Crypto Market permits customers to commerce any cryptocurrency throughout six chains with very restricted danger of transaction slippage
SINGAPORE, Sept. 13, 2023 (GLOBE NEWSWIRE) — OKX, a main Web3 know-how firm, right this moment introduced the launch of its P2P Crypto Market on the OKX Wallet, enabling customers to commerce crypto in a decentralized market through a peer to peer construction. This answer drastically reduces the danger of transaction slippage that may be seen on different DEXes that function through an Automated Market Marker.
With OKX’s P2P Crypto Market customers can commerce any cryptocurrency with a lowered danger of slippage throughout six chains (ETH, BSC, OKTC, Polygon, Arbitrum and Optimism). The market additionally permits prospects to put up adverts to purchase and promote tokens, whereas additionally supporting block trades for bigger orders. OKX Wallet is the first multi-chain pockets to assist a decentralized peer-to-peer market through over-the-counter (OTC) orders.
OKX Chief Innovation Officer Jason Lau mentioned: “The P2P Crypto Market on the OKX Wallet presents customers a wholly new approach to swap tokens peer to peer onchain. This primary of its sort buying and selling market empowers customers to commerce cryptocurrencies instantly with each other throughout a number of chains with clear pricing and drastically lowered slippage. We hope that this new different to current onchain buying and selling choices will ship a extra seamless and acquainted buying and selling expertise, particularly to customers which have used P2P marketplaces earlier than.”
OKX Wallet at the moment helps account abstraction know-how on seven blockchains: Ethereum, Polygon, Arbitrum, Optimism, BNB Chain, Avalanche and OKT Chain. It is additionally the first Web3 pockets to make the most of multi-party computation (MPC) know-how throughout 37 blockchains, eliminating the want for conventional written down keys and seed phrases by splitting a person’s personal key into three elements, drastically enhancing safety and eliminating a single level of failure.
For additional info, please contact:
Media@okx.com
About OKX
A number one international know-how firm driving the way forward for Web3, OKX offers a complete suite of merchandise to meet the wants of learners and consultants alike, together with:
- OKX Wallet: The world’s strongest, safe and versatile crypto pockets which supplies customers entry to over 70 blockchains whereas permitting them to take custody of their very own funds. The pockets consists of MPC technology which permits customers to simply recuperate entry to their pockets independently, eradicating the want for conventional, ‘written down’ seed phrases. As well as, OKX Wallet’s account abstraction-powered Smart Account permits customers to pay for transactions on a number of blockchains utilizing USDC or USDT, and work together with a number of contracts through a single transaction.
- DEX: A multi-chain, cross-chain decentralized alternate aggregator of 300+ different DEXs and roughly 15 bridges, with 200,000+ cash and greater than 20 blockchains supported.
- NFT Marketplace: A multi-chain, zero-fee NFT market that provides customers entry to NFT listings throughout seven top-tier marketplaces together with OpenSea, MagicEden, LooksRare and Blur.
- Web3 DeFi: A robust DeFi platform that helps incomes and staking on about 70 protocols throughout greater than 10 chains.
OKX companions with a variety of the world’s prime manufacturers and athletes, together with English Premier League champions Manchester Metropolis F.C., McLaren Components 1, The Tribeca Competition, Olympian Scotty James, and F1 driver Daniel Ricciardo.
As a chief constructing revolutionary know-how merchandise, OKX believes in difficult the established order. The corporate just lately launched a international model marketing campaign entitled, The System Needs a Rewrite, which advocates for a new paradigm led by Web3 self-managed know-how.
To be taught extra about OKX, obtain our app or go to: okx.com
Disclaimer
The data displayed is strictly for informational functions solely. It doesn’t represent and shall not be thought of as a proposal, solicitation or advice, to take care of any merchandise (together with any NFT or in any other case), or as monetary or funding recommendation. Each OKX Web3 Wallet and OKX NFT Market are topic to separate phrases of service at www.okx.com.