Bitcoin’s New High: OKX Unveils xBTC, the Wrapped Wonder! 💰✨

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Ah, the illustrious realm of cryptocurrency, where fortunes are made and lost faster than one can say “wrapped Bitcoin“! Major crypto exchange OKX, in a fit of entrepreneurial zeal, has decided to launch the wrapped Bitcoin asset, xBTC, alongside a delightful array of yield products. And lo! Just as the sun rises, Bitcoin has shattered its previous records, soaring past the magnificent $111,000 mark. 🎉

In a proclamation that would make even the most stoic of investors raise an eyebrow, it has been declared that xBTC is a wrapped token, tethered to Bitcoin in a most romantic 1:1 embrace. How quaint! 💞

Mark your calendars, dear users! On the fateful day of May 22 at the ungodly hour of 3:00 AM UTC, you shall be able to deposit and withdraw xBTC with the grace of a gazelle. This splendid product will prance across three major chains: Solana (SOL), Sui (SUI), and Aptos (APT). Fear not, for xBTC is under the watchful eye of EURUSD, ensuring that your assets are as transparent as a well-polished mirror, thanks to the on-chain Proof of Reserve. 🪞

With this audacious launch, OKX aims to sprinkle a little liquidity magic on the cross-chain landscape of BTC, keeping pace with the insatiable appetite for Bitcoin-related products among its ever-growing user base. 🍽️

Just yesterday, on May 21, Bitcoin reached a new zenith, soaring past the $111,000 threshold and peaking at a staggering $111,544 within a mere 24 hours. Such heights have sent BTC Futures Open Interest skyrocketing by over 16%, now lounging comfortably at nearly $80.9 billion, as per the ever-reliable CoinGlass. 📈

To partake in this xBTC extravaganza, users must first log into their OKX account and navigate to the deposit page. Select the illustrious asset BTC, choose from the trio of supported networks—Solana, Sui, or Aptos—and copy the deposit address as if it were a precious secret. Then, deposit your xBTC from an external wallet, and voilà! 🎩

Upon submitting your request and basking in the glow of on-chain confirmation, your xBTC shall be magically transformed into BTC at a 1:1 ratio, gracefully transferred to your intended account. The same enchanting process applies to withdrawals, accessible through the withdrawal page. 🪄

But wait, there’s more! Users can also indulge in the exchange’s xBTC “Learn and Earn” campaign, where traders can unlock Bitcoin staking activities and generate yields by completing a series of delightful tasks. Who knew learning could be so profitable? 📚💸

Additionally, the OKX Wallet is set to unveil an xBTC-based income product, intricately connected to the chains of Solana, Sui, and Aptos. A veritable feast for the senses! 🍷

As previously reported, OKX has recently introduced its own self-custodial platform, enabling gasless crypto payments under the charming moniker of OKX Pay. Launched on April 28, this platform allows users to send USDT and USDC stablecoins without incurring the dreaded fees. A true gift for the discerning trader! 🎁

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2025-05-22 12:01