Bybit Lists zkSync, Enhancing Layer-2 Trading Options
CryptoNewsTerminal Staff24 May, 2024
Bybit Lists zkSync, Enhancing Layer-2 Trading Options
The global cryptocurrency exchange Bybit has announced the listing of zkSync (ZK), an Ethereum (ETH) Layer 2 protocol utilizing zero-knowledge proofs, for spot trading. While the exact time of listing remains undisclosed, this move signifies Bybit's commitment to expanding its Layer-2 offerings. zkSync aims to enhance the scalability and cost-effectiveness of Ethereum transactions. By leveraging zero-knowledge proofs, it enables transactions to be processed off-chain, reducing gas fees and transaction delays while maintaining security. This listing is a strategic move by Bybit to cater to the growing demand for Layer-2 solutions within the cryptocurrency ecosystem. It allows users to access zkSync's advantages directly on the Bybit platform, providing them with a wider range of trading options and the opportunity to explore emerging Layer-2 technologies.
