OKX starts XBTC: Bitcoin-secured wrapped token on aptos offer to be free liquidity for defi trading and lending

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OKX präsentiert xBTC: Ein BTC-unterstützter Wrapped Token auf Aptos Die Krypto-Börse OKX hat kürzlich xBTC eingeführt, einen Wrapped Token, der im Verhältnis 1:1 durch Bitcoin (BTC) gedeckt ist. Dieser innovative Token wird auf der Aptos-Blockchain ausgegeben und bietet den Nutzern eine gebührenfreie Möglichkeit, Liquidität in Bitcoin für den Handel und das Verleihen innerhalb der dezentralen …
Okx presents XBTC: A BTC-supported wrapped token on aptos The crypto exchange OKX recently introduced XBTC, a wrapped token that is covered in a ratio of 1: 1 by Bitcoin (BTC). This innovative token is output on the aptos blockchain and offers users a toll-free opportunity to do liquidity in Bitcoin for retail and lending within the decentralized ... (Symbolbild/KNAT)

OKX presents XBTC: A BTC-supported wrapped token on aptos

The okx crypto exchange recently introduced XBTC, a wrapped token that is covered in a ratio of 1: 1 by Bitcoin (BTC). This innovative token is output on the aptos blockchain and offers users a toll-free way to use liquidity in Bitcoin for trade and lending within the decentralized financial world (Defi).

With the introduction of XBTC, crypto enthusiasts and traders can benefit from the advantages of the defi platforms without taking care of transaction fees that are often connected to the trade of crypto-assets. By using XBTC, users have the option of acting BTC in a wrapped format, which facilitates access to various defi applications.

The implementation of XBTC on the aptos blockchain not only ensures a high transaction speed, but also for improved security and scalability. Users can therefore use their Bitcoin assets more efficiently and take part in innovative defi projects.

Overall, XBTC represents a significant step towards the Integration of Bitcoin into the Defi world and offers users a flexible and cost-efficient way to operate with their cryptocurrencies. The introduction of this wrapped token shows how crypto platforms continue to develop innovative solutions in order to meet the constantly developing needs of their users.