OKEx, the leading global crypto exchange and derivatives trading platform has taken a huge step in making it easier for its users to trade Ethereum based assets by integrating with one of the fastest-growing Ethereum Layer-2 scaling solutions. With the latest development, OKEx has become one of the first exchanges to integrate with Polygon which will enable a quicker and more cost-efficient experience while conducting transactions between the platform and Polygon PoS Network.
The inclusion of support for the Polygon full-stack scaling solution is a huge upgrade as it eliminates the otherwise unnecessary and costly steps that involved users transferring ERC20 tokens from the platform to a layer-1 wallet before migrating them to Polygon PoS Network. By getting rid of the intermediary step, OKEx is in a position to encourage more users to adopt Ethereum based dApps and DeFi solutions, and vice versa.
In a statement marking the evolution of OKEx, CEO Jay Hao said, “Users have always been