OKX, a leading crypto exchange and Web3 technology company, has issued updates for February 14, 2024.
OKX to List Starknet’s STRK Token on its Spot Market
OKX today announced that it will list Starknet’s STRK token on its spot market on February 20 when liquidity requirements are met. This addition will enable users to trade STRK against USDT. Additionally, OKX will enable deposits for the STRK token on February 19 at 6:00 AM (UTC).
STRK is the token that powers Starknet, a Validity-Rollup (also known as ZK-Rollup) Layer 2 network that operates over Ethereum. It enables DApps to scale massively without sacrificing security. Transactions are bundled into an off-chain computed STARK proof. This proof is then submitted to Ethereum as a single transaction. This results in significantly higher throughput, faster processing times and lower costs, while maintaining the robust security of the Ethereum settlement layer.
