Cryptocurrency exchange OKX has announced that it will list the ETHFI token of the ether.fi protocol on its spot platform.
ether.fi is a protocol that allows users to deposit ETH and receive eETH, a redesigned token that supports DeFi and decentralizes Ethereum.
Deposits made to ether.fi are automatically redistributed to Eigenlayer, a mechanism that reuses ETH stacks to fuel external systems, thereby increasing security. By making deposits, users receive eETH, a liquid staking token that can be used in various decentralized finance (DeFi) protocols.
According to information published on PRNewswire, the placement of the ETHFI token on the cryptocurrency exchange's spot platform will take place on March 18, 2024, at 20:10 (UTC +8), giving traders access to trade the ETHFI/USDT pair.
Deposits for the token will open on March 15, 2024, at 14:00 (UTC +8).
This innovation underscores the company's commitment to providing more trading opportunities to its users.
As a reminder, OKX Exchange previously received in-principle approval from the Monetary Authority of Singapore for a Major Payment Institution (MPI) license, which will allow the exchange to provide various payment services without transaction volume limits.
OKX is a crypto exchange and innovative Web3 company with over 50 million users worldwide. The exchange offers its clients more than 100 cryptocurrencies and several ways to generate passive income, as well as access to a broad base of educational content.
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