- 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 number one Web3 know-how firm, immediately introduced the launch of its P2P Crypto Market on the OKX Wallet, enabling customers to commerce crypto in a decentralized market by way of a peer to look construction. This resolution significantly reduces the chance of transaction slippage that may be seen on different DEXes that function by way of an Automated Market Marker.
With OKX’s P2P Crypto Market customers can commerce any cryptocurrency with a decreased danger of slippage throughout six chains (ETH, BSC, OKTC, Polygon, Arbitrum and Optimism). The market additionally permits clients to submit advertisements to purchase and promote tokens, whereas additionally supporting block trades for bigger orders. OKX Pockets is the primary multi-chain pockets to help a decentralized peer-to-peer market by way of over-the-counter (OTC) orders.
OKX Chief Innovation Officer Jason Lau stated: “The P2P Crypto Market on the OKX Pockets provides customers a wholly new method to swap tokens peer to look onchain. This primary of its form buying and selling market empowers customers to commerce cryptocurrencies instantly with each other throughout a number of chains with clear pricing and significantly decreased slippage. We hope that this new different to present 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 Pockets at present helps account abstraction know-how on seven blockchains: Ethereum, Polygon, Arbitrum, Optimism, BNB Chain, Avalanche and OKT Chain. It’s also the primary Web3 pockets to make the most of multi-party computation (MPC) know-how throughout 37 blockchains, eliminating the necessity for conventional written down keys and seed phrases by splitting a person’s personal key into three components, significantly bettering safety and eliminating a single level of failure.
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About OKX
A number one international know-how firm driving the way forward for Web3, OKX supplies a complete suite of merchandise to satisfy the wants of learners and consultants alike, together with:
- OKX Wallet: The world’s strongest, safe and versatile crypto pockets which provides 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 get better entry to their pockets independently, eradicating the necessity for conventional, ‘written down’ seed phrases. As well as, OKX Pockets’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 by way of 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 offers 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 high manufacturers and athletes, together with English Premier League champions Manchester Metropolis F.C., McLaren Components 1, The Tribeca Pageant, Olympian Scotty James, and F1 driver Daniel Ricciardo.
As a frontrunner constructing progressive know-how merchandise, OKX believes in difficult the established order. The corporate lately launched a worldwide model marketing campaign entitled, The System Needs a Rewrite, which advocates for a brand new paradigm led by Web3 self-managed know-how.
To study extra about OKX, obtain our app or go to: okx.com
Disclaimer
The knowledge displayed is strictly for informational functions solely. It doesn’t represent and shall not be thought-about as a proposal, solicitation or suggestion, to cope with any merchandise (together with any NFT or in any other case), or as monetary or funding recommendation. Each OKX Web3 Pockets and OKX NFT Market are topic to separate phrases of service at www.okx.com.