Cryptocurrency trade OKX introduced that it’ll discontinue USDC deposit and withdrawal providers on its Optimism community. This transformation will go into impact at 05:00 on August 5, 2024, as a part of the platform’s efforts to enhance the general consumer expertise.
OKX to Cease USDC Deposits and Withdrawals on Optimism Community
Regardless of this suspension, customers will have the ability to deposit and withdraw USDC tokens with out interruption on all different supported networks. OKX assured customers that these providers will proceed to function usually throughout the transition interval.
The trade advises customers to plan accordingly for this transformation and make crucial changes to their transactions involving the Optimism (Bridged) community earlier than the deadline.
What’s Optimism?
Optimism (OP) is likely one of the main Ethereum (ETH) Layer-2 scalability options. Layer-2 refers to a secondary protocol constructed on high of an current blockchain.
A Layer-2 resolution constructed on Ethereum, like Optimism, goals to supply sooner transaction speeds and scalability whereas benefiting from the safety of the ETH mainchain.
*This isn’t funding recommendation.