- OKX P2P Crypto Marketplaceallows users to exchange any cryptocurrency across six chains with very limited risk of transaction failure
SINGAPORE, September 13, 2023 (GLOBE NEWSWIRE) โ OKa leading Web3 technology company, today announced the launch of its P2P Crypto Market about him OKX Wallet, allowing users to trade cryptocurrencies on a decentralized market through a peer-to-peer structure. This solution greatly reduces the risk of transaction slippage that can be seen on other DEXs that operate through an automated market marker.
With OKX P2P Crypto Market Users can trade any cryptocurrency with reduced risk of slippage on six chains (ETH, BSC, OKTC, Polygon, Arbitrum, and Optimism). The marketplace also allows clients to post ads to buy and sell tokens, while also supporting block trades for larger orders. OKX Wallet is the first multi-chain wallet supporting a decentralized peer-to-peer marketplace through over-the-counter (OTC) orders.
Jason Lau, Chief Innovation Officer at OKX, said: "The P2P Crypto Market on OKX Wallet offers users a completely new way to trade tokens peer-to-peer on-chain. This first-of-its-kind trading marketplace allows users trade cryptocurrencies directly with each other across multiple chains. with clear pricing and very low slippage. We hope this new alternative to existing on-chain trading options will provide a smoother and more familiar trading experience, especially to users who have used the markets P2P before."
OKX Wallet currently supports account abstraction technology on seven blockchains: Ethereum, Polygon, Arbitrum, Optimism, BNB Chain, Avalanche, and OKT Chain. It is also the first Web3 wallet to use multi-party computing ( MPC ) on 37 blockchains, eliminating the need for traditional typed keys and seed phrases by splitting a user's private key into three parts, greatly improving security and eliminating a single point of failure.
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About OKX
OKX, a leading global technology company powering the future of Web3, offers a complete suite of products to meet the needs of both beginners and experts, including:
- OKX Wallet: The world's most powerful, secure and versatile crypto wallet that gives users access to over 70 blockchains and allows them to custody their own funds. The wallet includes MPC technology allowing users to easily regain access to their wallet independently, eliminating the need for traditional "typed" seed phrases. Additionally, the abstraction-based OKX Wallet account Smart account allows users to pay for transactions on multiple blockchains using USDC or USDT and interact with multiple contracts through a single transaction.
- DEX: A multi-chain and cross-chain decentralized exchange aggregator of 300+ DEXs and about 15 bridges, with 200,000+ coins and 20+ supported blockchains.
- NFT Market: A multi-chain, fee-free NFT marketplace that gives users access to NFT listings on seven top-tier marketplaces including OpenSea, MagicEden, LooksRare, and Blur.
- Web3 DeFi: A powerful DeFi platform that supports earnings and staking on approximately 70 protocols across 10+ chains.
OKX partners with several of the world's biggest brands and athletes, including English Premier League champions Manchester City FC, McLaren Formula 1, Tribeca Festival, Olympic athlete Scotty James and F1 driver Daniel Ricciardo .
As a leader in creating innovative technology products, OKX believes in challenging the status quo. The company recently launched a global brand campaign titled, The system needs a rewritewhich advocates a new paradigm led by self-managed Web3 technology.
To learn more about OKX, download our app or visit: okx.com
Disclaimer
The information displayed is strictly for informational purposes. It does not constitute and shall not be considered an offer, solicitation or recommendation to deal in any product (including any NFT or otherwise), nor as financial or investment advice. Both OKX Web3 Wallet and OKX NFT Marketplace are subject to separate terms of service at www.okx.com.
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