Flash News: OKX Highlights Long-term Commitment to Bitcoin Community Through Longstanding Support of Lightning Network
HONG KONG, May 08, 2023 (GLOBE NEWSWIRE) — OKX, the second-largest crypto platform by trading volume and a leading Web3 technology company, has issued updates for the day of May 8, 2023.
OKX Highlights Long-term Commitment to Bitcoin Community Through Longstanding Support of Lightning Network
OKX has highlighted its continued support for the Bitcoin community by emphasizing that it was among the first exchanges to introduce support for the Lightning Network over two years ago, on April 19, 2021.
The Lightning Network is a decentralized payment protocol that allows for instant, off-chain transactions on a blockchain, such as Bitcoin. By integrating Layer-Two solutions like the Lightning Network, OKX is able to offer an improved trading experience for its users, with lower costs and faster transactions.
This announcement comes after OKX upgraded its wallet and NFT marketplace to enable users to view and transfer Bitcoin (BTC) ordinals. Mint and trade functionality for ordinals on the OKX NFT Marketplace is coming soon, which will allow users to create, buy and sell ordinals on the platform.
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About OKX
OKX is a world-leading technology company building the future of Web3. Known as the fastest and most reliable crypto trading platform for investors and professional traders everywhere, OKX’s crypto exchange is the second largest globally by trading volume.
OKX’s leading self-custody solutions include the Web3-compatible OKX Wallet, which allows users greater control of their assets while expanding access to DEXs, NFT marketplaces, DeFi, GameFi and thousands of dApps.
OKX partners with a number of the world’s top brands and athletes, including: English Premier League champions Manchester City F.C., McLaren Formula 1, The Tribeca Festival, golfer Ian Poulter, Olympian Scotty James, and F1 driver Daniel Ricciardo.
OKX is committed to transparency and security and publishes its Proof of Reserves on a monthly basis.
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 ANY INVESTMENT, TAX, OR LEGAL ADVICE, NOR SHOULD IT BE CONSIDERED AN OFFER TO PURCHASE, SELL, OR HOLD DIGITAL ASSETS. DIGITAL ASSETS, INCLUDING STABLECOINS, INVOLVE A HIGH DEGREE OF RISK, CAN FLUCTUATE GREATLY, AND CAN EVEN BECOME WORTHLESS. OKX IS NOT REGULATED BY THE FCA, THUS, PROTECTIONS SUCH AS THE FINANCIAL OMBUDSMAN SERVICE OR FINANCIAL SERVICES COMPENSATION SCHEME WILL NOT BE AVAILABLE. YOU SHOULD CONSIDER WHETHER YOU UNDERSTAND HOW CRYPTO WORKS AND WHETHER TRADING OR HOLDING DIGITAL ASSETS IS SUITABLE FOR YOU IN LIGHT OF YOUR FINANCIAL CONDITION. THE VALUE OF YOUR DIGITAL ASSETS, INCLUDING STABLECOINS, CAN INCREASE OR DECREASE AND PROFITS MAY BE SUBJECT TO CAPITAL GAINS TAX. PAST PERFORMANCE DOES NOT INDICATE FUTURE RESULTS. PLEASE CONSULT YOUR LEGAL/TAX/INVESTMENT PROFESSIONAL FOR QUESTIONS ABOUT YOUR SPECIFIC CIRCUMSTANCES.
