Flash News: OKX Enables Deposits for Starknet's STRK Token Ahead of Spot Listing

DUBAI, United Arab Emirates, Feb. 19, 2024 (GLOBE NEWSWIRE) -- OKX, a leading crypto exchange and Web3 technology company, has issued updates for February 19, 2024.

OKX Enables Deposits for Starknet's STRK Token Ahead of Spot Listing

OKX today announced that its platform has enabled deposits for Starknet's STRK token at 6:00 AM (UTC). OKX will also list STRK/USDT on its spot market on February 20 once liquidity requirements are met.

STRK is the token that powers Starknet, a Validity-Rollup (also known as ZK-Rollup) Layer 2 network that operates over Ethereum. It enables DApps to scale massively without sacrificing security. Transactions are bundled into an off-chain computed STARK proof. This proof is then submitted to Ethereum as a single transaction. This results in significantly higher throughput, faster processing times and lower costs, while maintaining the robust security of the Ethereum settlement layer.

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About OKX

OKX is a leading global crypto exchange and innovative Web3 company. Trusted by more than 50 million global users, OKX is known for being one of the fastest and most reliable crypto apps in the world.

As a top partner of English Premier League champions Manchester City FC, McLaren Formula 1, Olympian Scotty James, and F1 driver Daniel Ricciardo, OKX aims to supercharge the fan experience with new engagement opportunities. OKX is also the top partner of the Tribeca Festival as part of an initiative to bring more creators into web3.

The OKX Wallet is the platform's latest offering for people looking to explore the world of NFTs and the metaverse while trading GameFi and DeFi tokens.

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