OKX Joins Rival Crypto Exchanges in Building Its Own Blockchain
- OKX is launching a test blockchain using Polygon technology
- It’s expected to launch in the first quarter of 2024
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Crypto exchange OKX launched its own Layer-2 blockchain for testing by developers on Tuesday, becoming the latest exchange to join in the trend of building secondary networks to make digital-asset transactions cheaper and quicker.
The biggest US crypto exchange, Coinbase Global Inc., launched its Base blockchain in August and it has been quickly gaining traction with developers and users. Rival exchange Kraken is exploring building its own Layer-2 blockchain, according to a person familiar with the matter as well as a Kraken job posting. Kraken declined to comment.