Ethereum: Crypto.com integrates deposits and withdrawals via the zkSync Era network
The cryptocurrency exchange Crypto.com has officially integrated the zkSync Era network, a layer-2 blockchain on Ethereum, into its deposit and withdrawal section. Users can now transfer ETH between wallets using the zk-rollup blockchain, which offers fast transactions and low gas fees.
Key Points:
- Crypto.com has integrated the zkSync Era network, a layer-2 blockchain on Ethereum, into its deposit and withdrawal section.
- Users can transfer ETH between wallets using the zk-rollup blockchain, which offers fast transactions and low gas fees.
- The integration is the first instance of a zk-rollup network being integrated within a centralized exchange.
- Initially, deposits and withdrawals via zkSync Era are only available in ETH, but may expand to other tokens in the future.
- The integration applies to both the web exchange and the app.
Hot Take:
Crypto.com’s integration of the zkSync Era network is a significant development for the layer-2 industry. By leveraging the benefits of zk-rollups, such as low fees and fast transactions, the exchange aims to attract a larger audience. This move could help Crypto.com regain its competitiveness in the market and provide a seamless user experience. However, despite the positive news, the CRO coin did not see a significant price movement. It remains to be seen how the integration will impact the overall performance of the cryptocurrency.
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