Crypto.com enhances ZKSYNC for sooner Ethereum transactions.
Cronos (CRO) sees 0.62% drop, buying and selling at $0.05755.
Singapore-based firm Crypto.com has introduced a major improve to its cryptocurrency change platform. Users can now transact Ethereum (ETH) by way of the combination of ZKSYNC, a Layer 2 scaling answer identified for its effectivity.
Notably, ZKSYNC‘s Layer 2 know-how has been gaining consideration for its capacity to sort out the scalability challenges confronted by the Ethereum community. By incorporating ZKSYNC, Crypto.com goals to supply its customers with a seamless buying and selling expertise, leveraging faster transaction speeds.
https://t.co/A7lhUEyoao Exchange now helps deposits and withdrawals of $ETH by way of ZKSYNC.
*Available for each Exchange Web and App.
Deposit Now https://t.co/GBTPzwV3F0 @ethereum pic.twitter.com/izrl63qjUq
— Crypto.com Institutional (@Cryptocom_Insto) August 10, 2023
In a parallel regulatory development, Crypto.com secured the Market-Person In-Charge (MPI) license in June. By the incorporation of Layer 2 scaling options and adhering to regulatory necessities, it tries to place itself for competitiveness within the dynamic cryptocurrency market.
Meanwhile, Amid the developments, Crypto.com’s native coin, Cronos (CRO), faces bearish momentum. Currently, the value stands at $0.05755 with a decline of 0.62% in 24 hours. And the buying and selling quantity is up 11.53%, resting at $8,657,101.