EddieJayonCrypto
23 May 25
OKX is launching xBTC, a wrapped version of Bitcoin on the Aptos blockchain, allowing users to mint, deposit, and withdraw xBTC without fees. Backed 1:1 by bitcoins held by OKX, xBTC can be used in Aptos-native DeFi applications for trading and lending. Aptos has a growing DeFi ecosystem with over $...
OKX is launching xBTC, a wrapped version of Bitcoin on the Aptos blockchain, allowing users to mint and redeem the asset without any fees. xBTC is backed 1:1 by bitcoins held securely in OKX custody and can be used across various Aptos-native DeFi applications such as trading and lending. Aptos boasts a rapidly growing DeFi ecosystem with over $1 billion in total value locked (TVL), including wrapped BTC assets like Echo protocol’s aBTC, which holds $270 million TVL. The Aptos Foundation expects xBTC to significantly enhance liquidity, foster cross-chain interoperability, and improve access to decentralized finance on the Aptos network. Starting May 23, OKX will launch a special campaign to promote xBTC, partnering with platforms like Echo Protocol, Aries Markets, and Hyperion to strengthen integration within the Aptos ecosystem. By introducing xBTC, OKX aims to empower Bitcoin holders to utilize their BTC in fast, low-cost DeFi applications, leveraging the security and transparency familiar to OKX users. This initiative underscores Aptos’s commitment to becoming a high-performance, scalable blockchain supporting real-world open finance while bridging traditional and decentralized financial markets.