OKX to allow spot trading for Zeus Network token

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OKX is ready to checklist the Zeus Community’s ZEUS token for spot buying and selling right now, enabling ZEUS/USDT trades.

The integration goals to leverage Solana’s scalability with Bitcoin’s safety, enhancing prospects for decentralized functions (dApps) and safe monetary companies.

The Zeus Community, which leverages the Solana blockchain for improved interoperability, has efficiently raised $8 million in a seed funding spherical led by Mechanism Capital. The spherical noticed participation from important gamers like OKX Ventures and Animoca Ventures, and notable angel buyers, together with Solana’s Anatoly Yakovenko.

The funding, aimed toward growing a cross-chain infrastructure connecting Solana (SOL) with blockchains like Bitcoin (BTC) and Litecoin (LTC), highlights Zeus Community’s potential to boost blockchain interoperability.

Presently within the testnet section, the community is gearing up for a mainnet launch within the coming months. Moreover, Zeus plans to airdrop its ZEUS token, with a complete provide of 1 billion and an preliminary circulation of 167.5 million, signaling robust group and ecosystem improvement intentions.

Throughout this time, OKX is adjusting its operations on account of elevated regulatory scrutiny, significantly concerning anti-money laundering practices. This contains the removal of USDT from European markets, a freeze on USDT property, and the departure of its world chief compliance officer, Patrick Donegan.

The transfer displays the broader trade’s push for compliance amidst the U.S.’s crackdown on offshore exchanges for cash laundering considerations, highlighted by latest fees towards KuCoin and Binance.

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