Today, OKX is starting spot trading for the ZEUS token on the Zeus Network. This means that ZEUS/USDT trades can happen. This combination aims to bring together the scalability of Solana and the security of Bitcoin. This will make it easier for decentralized applications (dApps) to work and for safe financial services to be provided.
The Zeus Network, which uses the Solana blockchain to make it easier for different systems to work together, was able to raise $8 million in a seed round led by Mechanism Capital. OKX Ventures, Animoca Ventures, and recognized seed investors such as Anatoly Yakovenko of Solana are some of the prominent players.
With this support, a cross-chain infrastructure will be established to connect Solana (SOL) to other blockchains such as Bitcoin (BTC) and Litecoin (LTC). This will show how Zeus Network can improve the ability of blockchains to work together.
Zeus Network Token Integration
The network is getting prepare for a mainnet start in the coming months. For now, it is in the testnet phase. The network is additionally seeking to give away its ZEUS token, which has a total supply of one billion and an initial circulation of 167.5 million. This suggests that the company is serious about building an effective community and environment.
At the same time, OKX is changing how it works because authorities are looking more closely at it, especially when it comes to anti-money laundering methods. Some of the things that have been done are taking USDT off of European markets, freezing its assets, and firing Patrick Donegan as its global top compliance officer
This move shows how significant compliance is across the whole industry, as the U.S. cracks down on offshore exchanges over fears they launder money, as shown by the current charges against KuCoin and Binance.
