- Crypto.com enhances ZKSYNC for faster Ethereum transactions.
- Cronos (CRO) sees 0.62% drop, trading at $0.05755.
Singapore-based company Crypto.com has announced a significant upgrade to its cryptocurrency exchange platform. Users can now transact Ethereum (ETH) through the integration of ZKSYNC, a Layer 2 scaling solution known for its efficiency.
Notably, ZKSYNC‘s Layer 2 technology has been gaining attention for its ability to tackle the scalability challenges faced by the Ethereum network. By incorporating ZKSYNC, Crypto.com aims to provide its users with a seamless trading experience, leveraging quicker transaction speeds.
https://t.co/A7lhUEyoao Exchange now supports deposits and withdrawals of $ETH via ZKSYNC.
— Crypto.com Institutional (@Cryptocom_Insto) August 10, 2023
*Available for both Exchange Web and App.
Deposit Now 👉 https://t.co/GBTPzwV3F0 @ethereum pic.twitter.com/izrl63qjUq
In a parallel regulatory advancement, Crypto.com secured the Market-Person In-Charge (MPI) license in June. By the incorporation of Layer 2 scaling solutions and adhering to regulatory requirements, it tries to position itself for competitiveness in the dynamic cryptocurrency market.
Meanwhile, Amid the developments, Crypto.com’s native coin, Cronos (CRO), faces bearish momentum. Currently, the price stands at $0.05755 with a decline of 0.62% in 24 hours. And the trading volume is up 11.53%, resting at $8,657,101.
