The renowned crypto exchange entity OKX has recently announced support for the ETH. The popular crypto platform informed the community in a post shared on its official web portal on the 11th of this month. In that post, it elaborated that the company will back ETH withdrawals and deposits on the Starknet network.
Top Crypto Exchange OKX to Support ETH Withdrawals and Deposits on Starknet
In addition to this, the prominent crypto exchange firm brought to the front that the launch of the deposit service will take place on the same day. On the other hand, the withdrawals will be opened on the 12th of July. Moreover, the crypto platform disclosed its eagerness for this move. After that, the company moved on to discuss the significance of the provision of support for the ETH tokens on Starknet.
As per the exchange, this development has been carried out by OKX while keeping in view the requirements of the consumers. In this respect, it revealed that the clients have been expressing a great demand for the respective support to accomplish their necessary crypto trading. Following that, the crypto exchange moved on to discuss the position of Starknet within the market.
Starknet Attempts to Enhance Blockchain Adoption
It brought to the front that Starknet is an L2 Rollup based on Ethereum. According to OKX, it is an innovative, secure, and permissionless scaling solution. In this way, the support provided by the crypto exchange can be beneficial for its consumers.
The crypto exchange is of the view that Starknet is a pioneering entity in the case of the way toward the broad-level adoption of blockchain technology. Applications can take benefit from the security and composability of Ethereum. Furthermore, it also attempts to maintain huge scalability, as mentioned by OKX.
