Cryptocurrency News

OKEx Supports Mina Protocol, Lightest Blockchain Protocol Ever

global crypto exchange and derivatives trading platform, okex has announced its latest addition to the list of supported blockchain projects. is the most recent one to cut Mina Protocol, the lightest blockchain protocol in the industry. Its parent token MINA went live on June 1, 2021 at 00:30 UTC, marked by the launch of the MINA/USDT spot trading pair.

The MENA protocol has been developed keeping in mind the requirements of DApps. The protocol sports a blockchain the size of two tweets – about 22 KB compared to its counterparts whose average blockchain size is currently calculated in the hundreds of GB and is growing.

Building on O(1) Labs, Mina Protocol implements advanced cryptography and recursive zk-SNARKs to offer a truly decentralized, scalable and secure blockchain capable of meeting the advanced needs of dApps. After realizing the implications of such a solution on the future of blockchain technology, OKEx has emerged as one of the early proponents.

In a statement, OKEx CEO jai hao said, “The Mina Protocol helps to strike a balance in terms of security and decentralization. OKEx is not only a trading marketplace for users, but also a platform for blockchain minds to gather together, and we believe in like-minded individuals like the Mina Protocol. Look forward to partnering more with Initiatives.

With a total supply of 1,000,000,000,000, MINA has the potential to become a valuable asset due to the possibilities it offers to dApps. Anticipating congestion, OKEx opened access to MINA on its platform in a calibrated manner, starting with call auction trading and a gradual increase in the buy limit in the first two and a half hours of listing.

OKEx continues to support leading projects in the blockchain and DeFi space as it pushes for universal access to financial services. Furthermore, the platform continues to engage its community by considering their requests and feedback for listing new projects and trading pairs.

MINA is one of several tokens to join the OKEx ecosystem, with more to come in the near future.

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