OKEx Partnership With zkSync

Matter Labs, the company behind zkSync announce that the OKEx will join forces with zkSync in its mission to make self-sovereign participation in the digital economy — that is, maintaining complete control over one’s digital assets — affordable for anyone in the world.

Matter Labs most recent round of funding included participation from OKEx Blockdream Ventures, the investment arm of crypto exchange OKEx. This strategic alignment is crucial to the long term success of the zkSync protocol, and will empower zkSync users in more ways than one.

The partnership first objective is to support direct fiat onramp and offramps to zkSync’s Layer 2 via OKEx exchange. Cutting out the expensive intermediate step of depositing and withdrawing through Ethereum mainnet is a dramatic cost, safety, and UX benefit for current users. Additionally, a direct onramp will make it easier for users of OKEx and millions of new users to onboard and use the dApps on zkSync 2.0 as Ethereum transforms into a global settlement layer.

ABOUT OKEx
OKEx is an innovative cryptocurrency exchange providing futures, spot, margin, options, perpetual swaps, DeFi, lending, and mining services. Enjoy hundreds of tokens and trading pairs on one of the leading crypto exchanges by trading volume. OKEx provides a safe, reliable, and stable environment for crypto trading via web and mobile apps by adopting global server load balancing, distributed clusters, and other technologies. OKEx strives to eliminate financial barriers, evolve the global economy, and change the world for the better.

ABOUT OKEx Ventures
OKEx Blockdream Ventures is an investment institution under the worldwide top trading platform OKEx.com. They focus on exploring the best blockchain projects globally, supporting the most cutting-edge blockchain technology innovation, promoting the healthy development of the worldwide blockchain industry, and focusing on long-term structural value investment. The initial capital of OKEx Blockdream Ventures is 100 million USD.

ABOUT zkSync Protocol
zkSync is a ZK rollup, a Layer-2 scaling solution that preserves the security properties of the underlying blockchain by leveraging the latest generation of succinct zero-knowledge proofs.

ABOUT Matter Labs
Matter Labs is the pioneer of Zero-Knowledge Proof technology on Ethereum.

RESOURCES
Medium