OKEx Partners with zkSync

Following a strategic investment from OKEx Blockdream Ventures, leading exchange OKEx to offer direct fiat onramps and offramps to zkSync

We are happy to announce that the OKEx family 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.

Our 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.

Our first objective together is supporting 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.

The integration is already in progress, and we look forward to partnering with OKEx to offer even more services to users in the near future.

About OKEx Exchange

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 Blockdream 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. They are committed to helping the ideal entrepreneurs who contribute to the development of the blockchain industry to build great companies and bring global resources and historical experience to blockchain projects.

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.

zkSync v1 is a ZK rollup for payments, live on Ethereum mainnet since July 2020. Adopted by many protocols, wallets, and dapps, zkSync has powered over 4M transactions.

zkSync v2 is a ZK rollup for generic smart contracts that preserves EVM-compatibility and composability. The upcoming testnet currently has more than 150 registrations from projects across DeFi, NFT, Games, DAOs, Exchanges, On-Ramps, Wallets, Developer Tools, Data Analytics.

Learn more and keep up to date by following zkSync’s Medium Blog and Twitter.

About Matter Labs

Matter Labs is the pioneer of Zero-Knowledge Proof technology on Ethereum. The company has launched the first-ever public ZK rollup prototype in early 2019, was the first to implement recursive ZK proofs on Ethereum, and created the world’s first practical FPGA-based hardware for ZKP acceleration in 2020. Matter Labs recently launched a zkEVM testnet, making zkSync the first ZK rollup capable of executing native Ethereum smart contracts.

Matter Labs’ team is rooted in the belief that cryptography and blockchain are essential technologies for protecting and fostering freedom globally. They enable mutually distrusting counterparts to collaborate without relying on authorities or third parties. Blockchains enabled by zero-knowledge proofs promise a fairer and more efficient global digital economy.

Matter Labs, a remote-first organization, is actively hiring.