Crypto Exchange OKX’s Polygon-Powered Layer 2, ‘X Layer,’ Hits Public Mainnet
OKX’s comes as other major cryptocurrency exchanges, like Coinbase and Kraken, have also pursued their own layer 2 networks over the last year.
OKX’s comes as other major cryptocurrency exchanges, like Coinbase and Kraken, have also pursued their own layer 2 networks over the last year.
The 304,000 euro ($329,000) “goodwill” settlement with MFSA related to OKX’s Okcoin Europe subsidiary.
The action may foreshadow regulatory restrictions in the region for the largest stablecoin by market capitalization and trading volume, as upcoming E.U. rules will require stablecoin issuer to be licensed electronic money institutions.
The latest proof of reserves shows that the exchange is 103% collateralized with bitcoin, ether, and USDT.