OKX Expands CeDeFi To Ethereum And Arbitrum, Enabling Simplified Multi-Chain Token Trading
Cryptocurrency alternate OKX introduced that it has expanded its CeDeFi platform to incorporate Ethereum and Arbitrum, permitting customers to entry rising onchain tokens instantly from their OKX stability with out the standard boundaries related to decentralized finance (DeFi).
The firm said that customers constantly specific a need for early entry to onchain alternatives with out the complexity of managing wallets, seed phrases, gasoline charges, and cross-chain transactions.
Ethereum accounts for practically 70% of worldwide DeFi liquidity and is usually the launching floor for tokenized real-world belongings, decentralized derivatives, and AI-driven monetary merchandise, whereas Arbitrum presents quicker execution and decrease prices, supporting high-performance decentralized exchanges and new ecosystems.
OKX Simplifies Multi-Chain DeFi Trading With Streamlined Wallets And Gas-Free Transactions
The CeDeFi enlargement is designed to deal with these challenges by dealing with technical complexities within the background. Trades are routed throughout greater than 100 liquidity swimming pools to make sure aggressive execution, and self-custody wallets are created immediately with Passkey safety, eliminating the necessity for seed phrases.
Users are charged a flat 0.85% per commerce, with gasoline charges coated by OKX, and may commerce throughout a number of networks—together with Ethereum, Arbitrum, Solana, Base, and X Layer—instantly from a single account with out bridging belongings.
According to OKX, the platform allows seamless entry to DeFi markets by eradicating conventional technical boundaries, similar to managing a number of wallets, holding gasoline tokens, utilizing bridges, or looking throughout decentralized exchanges.
The firm beforehand launched CeDeFi on Solana, Base, and X Layer, and the addition of Ethereum and Arbitrum brings the identical streamlined expertise to a number of the most liquid and established DeFi ecosystems.
The platform is now reside for eligible customers, offering fast entry to Ethereum and Arbitrum tokens from their OKX balances, with the objective of creating multi-chain token buying and selling extra accessible, environment friendly, and user-friendly.
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