Merlin Chain (MERL) is making a significant leap in accessibility and visibility with its upcoming listing on OKX, one of the world’s leading cryptocurrency exchanges. This move marks a pivotal moment for the Bitcoin-centric Layer 2 ecosystem, opening new doors for traders and investors seeking exposure to innovative Bitcoin-powered blockchain solutions.
Starting April 17, 2024, users can begin depositing MERL tokens, followed by the launch of spot trading pairs and withdrawal support in the subsequent days. This phased rollout ensures a smooth integration while maintaining platform stability and user security.
👉 Discover how next-gen Bitcoin Layer 2 projects are reshaping digital asset trading.
Key Listing Timeline
To help traders prepare, here are the exact dates and times (in UTC) for each phase of the MERL listing:
- April 17, 2024, at 10:00 UTC: MERL deposits go live.
Users can now transfer their Merlin Chain tokens to their OKX accounts in anticipation of trading. - April 19, 2024, at 10:00 UTC: Spot trading for MERL/USDT begins.
This marks the official start of market activity, allowing users to buy, sell, and trade MERL against the popular USDT stablecoin. - April 20, 2024, at 10:00 UTC: MERL withdrawals are enabled.
After trading commences, users gain full control over their assets by being able to withdraw MERL from OKX to external wallets.
This structured rollout reflects OKX’s commitment to operational excellence and user experience, ensuring that liquidity, security, and infrastructure are fully optimized before full token functionality goes live.
What Is Merlin Chain?
Merlin Chain is an EVM-compatible Layer 2 blockchain built natively on Bitcoin. Unlike traditional sidechains or bridges that rely on indirect connections, Merlin Chain leverages Bitcoin’s security and decentralization while enabling high-speed, low-cost transactions through advanced rollup technologies.
As a native Bitcoin Layer 2, Merlin Chain unlocks new utility for BTC holders by allowing them to actively participate in decentralized finance (DeFi), NFTs, and Web3 applications without leaving the Bitcoin ecosystem. It brings smart contract functionality to Bitcoin in a secure and scalable way—something long sought after by developers and users alike.
The native token of the network, MERL, serves as the governance and utility token within the ecosystem. Holders can use MERL for voting on protocol upgrades, staking, paying for transaction fees, and participating in community-driven initiatives.
Asset Overview
- Asset Name: Merlin Chain
- Ticker Symbol: MERL
- Maximum Supply: 2,100,000,000 MERL
- Smart Contract Address:
0x5c46bFF4B38dc1EAE09C5BAc65872a1D8bc87378
With a capped supply echoing Bitcoin’s scarcity model, MERL is designed with long-term value retention in mind, aligning with the economic principles that underpin the broader crypto space.
Why This Listing Matters
The inclusion of Merlin Chain on OKX is more than just another token launch—it’s a signal of growing momentum for Bitcoin-based Layer 2 solutions. As Bitcoin continues to dominate as both digital gold and a store of value, the demand for scalable, secure, and functional extensions of its network has never been higher.
By listing MERL, OKX provides traders with direct access to a project at the forefront of the Bitcoin resurgence in DeFi and smart contract innovation. It also enhances liquidity and visibility for Merlin Chain, potentially attracting developers, investors, and ecosystem partners.
Moreover, being listed on a top-tier exchange like OKX increases trust and credibility. It signifies that Merlin Chain has met rigorous technical, security, and compliance standards—factors that are crucial for adoption in today’s competitive crypto landscape.
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Understanding the Risks
While the listing presents exciting opportunities, it's essential to approach digital asset trading with caution.
Cryptocurrencies are highly speculative and inherently volatile. Prices can swing dramatically within short periods due to market sentiment, macroeconomic factors, regulatory news, or technological developments. Additionally, digital assets may become illiquid quickly, especially during market downturns or periods of low trading volume.
OKX emphasizes that the information provided in this announcement—including project details and market insights—is for educational and informational purposes only. Some content may be sourced from third parties and does not constitute financial advice, investment recommendations, or an offer to buy or sell any asset.
Furthermore:
- This information may not be suitable for all investors.
- It should not be used as the sole basis for making investment decisions.
- It is not intended for residents of jurisdictions where such information dissemination violates local laws.
Always conduct independent research, assess your risk tolerance, and consult with financial professionals before engaging in any form of digital asset trading.
Frequently Asked Questions (FAQ)
Q: What is Merlin Chain?
A: Merlin Chain is an EVM-compatible Layer 2 blockchain built directly on Bitcoin. It enables scalable smart contracts and DeFi applications while leveraging Bitcoin’s security.
Q: When can I start trading MERL on OKX?
A: Spot trading for MERL/USDT begins on April 19, 2024, at 10:00 UTC. Deposits open two days earlier on April 17.
Q: Can I withdraw MERL after trading starts?
A: Yes, withdrawals will be enabled on April 20, 2024, at 10:00 UTC.
Q: Is MERL a good investment?
A: All digital assets carry risk. While Merlin Chain shows strong technical promise, potential investors should perform thorough due diligence and consider market conditions before investing.
Q: Where can I store my MERL tokens securely?
A: You can store MERL in any wallet that supports ERC-20 tokens (given its EVM compatibility), including hardware wallets like Ledger or Trezor, or trusted software wallets.
Q: Does OKX provide investment advice on MERL?
A: No. OKX does not offer financial or investment advice. All trading decisions are the responsibility of the user.
Final Thoughts
The listing of Merlin Chain (MERL) on OKX represents a major milestone for both the project and the broader Bitcoin ecosystem. As Layer 2 innovations continue to expand Bitcoin’s utility beyond simple value transfer, assets like MERL are poised to play a critical role in shaping the future of decentralized finance.
Traders now have a trusted platform to engage with this emerging technology. With clear timelines for deposits, trading, and withdrawals, OKX ensures a seamless experience for both new and experienced users.
👉 Stay ahead of the next wave of Bitcoin innovation—explore emerging Layer 2 opportunities today.