OKCoin digital asset exchange announced the integration of Polygon (MATIC) into its trading platform. According to the official announcement, the integration will drastically reduce Ethereum fees for DeFi users by allowing them to directly withdraw their funds from OKCoin to Polygon.
With this move, OKCoin becomes the first US regulated crypto exchange to add support for Polygon (MATIC). The integration will save OKCoin users from having to first withdraw their Ethereum or ERC20 tokens to a regular wallet and then to various DeFi protocols.
Ethereum and ERC20 tokens can now be withdrawn directly to Polygon using the OKCoin platform. Users only need to pay the regular smart contract fee to complete the DeFi transaction.