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Academy OKX News Article

OKX integrates with Polygon for quicker and more cost-efficient access to DeFi

2021.06.09 OKX Public Relations

Seychelles, June 9, 2021 — OKX (www.okex.com), a world-leading cryptocurrency spot and derivatives exchange, is pleased to announce the integration of Polygon, a full-stack scaling solution allowing more Ethereum-compatible applications to be built and connected. OKX is one of the first exchanges to integrate such a feature, which will result in users getting a quicker and more cost-efficient experience when moving funds from exchanges to the Polygon PoS network in order to participate in decentralized finance or to interact with decentralized applications. 

With the old process, users needed to withdraw funds from OKX to a Layer-1 wallet, then from the wallet to the Polygon PoS network — with two instances of fees being charged (i.e., the exchange withdrawal fee and the contract fee of the wallet). 

With the integration of Polygon, OKX users can now transfer funds directly to the Polygon PoS network, with the withdrawal fee waived by OKX.

OKX CEO Jay Hao commented:

“Users have always been a priority to us. OKX is more than a trading platform; we are a trading partner that strives to make the crypto journey as easy and as cost-efficient as possible. As Layer-2 technology, especially a few big names in the market, matures and becomes a solution to the congestion on Ethereum, we are happy to be one of the first major crypto exchanges to take up this innovation and bring Polygon’s solution to our users.”

Polygon co-founder Sandeep Nailwal commented:

“We’re thrilled to see the integration of Polygon for direct withdrawals on OKX, one of the biggest global exchanges. This will make it easier and more seamless for new users getting into the Polygon and Ethereum ecosystem.” 


About OKX

OKX is a world-leading cryptocurrency spot and derivatives exchange that offers some of the most diverse and sophisticated products, solutions, and trading tools on the market. Trusted by millions of users globally, we believe that cryptocurrency will reshape our money and society, enabling all people to live in dignity and freedom. With our extensive range of crypto products and services, and our unwavering commitment to innovation, our mission is to promote and advance cryptocurrency globally — and empower every individual on earth.

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Disclaimer: This material should not be taken as the basis for making investment decisions, nor be construed as a recommendation to engage in investment transactions. Trading digital assets involve significant risk and can result in the loss of your invested capital. You should ensure that you fully understand the risk involved and take into consideration your level of experience, investment objectives and seek independent financial advice if necessary.