OKX is pleased to announce that Arbitrum network integration is now live on OKX website and app, enabling faster and cheaper token transfer to Arbitrum network. OKX users are now able to quickly and easily move funds between OKX and Arbitrum network.
What is the Arbitrum Network?
Arbitrum is a leading Ethereum Layer-2 scaling solution developed by Offchain Labs. An Optimistic Rollup, Arbitrum provides ultra-fast, low-cost transactions with security derived from Ethereum. Launched in August 2021, the Arbitrum One mainnet beta now has 300+ DeFi and NFT projects live in the ecosystem. Arbitrum is fully EVM-compatible. With the upcoming Nitro upgrade, Arbitrum will further reduce costs and optimize performance.
Withdrawing to Arbitrum from OKX has a few clear advantages:
- Reduces transaction fees and waiting times.
- Avoids further congestion of the Ethereum base layer, benefiting other network users.
- Enables low fee swaps between Ethereum assets and those supported by other blockchains.
For now, OKX’s Arbitrum integration supports ETH deposit and withdrawal.
Feb. 14, 2022