OKX Lists Merlin Chain (MERL) for Spot Trading

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Merlin Chain (MERL) has officially been added to OKX’s growing roster of tradable digital assets, marking a significant milestone for Bitcoin’s expanding ecosystem. Starting April 19, 2024, users can engage in spot trading for the MERL/USDT trading pair, following the opening of deposit and withdrawal functions in the days prior. This listing underscores OKX’s ongoing commitment to supporting innovative Layer-2 solutions that enhance the utility and scalability of foundational blockchains like Bitcoin.

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Key Listing Timeline

To ensure a smooth onboarding experience for traders and investors, OKX has rolled out a structured timeline for Merlin Chain (MERL) availability:

Users are encouraged to complete Know Your Customer (KYC) verification in advance and ensure wallet compatibility to avoid delays when initiating deposits or withdrawals.

Understanding Merlin Chain and the MERL Token

Merlin Chain is a native Layer-2 scaling solution built on the Bitcoin network. Designed with Ethereum Virtual Machine (EVM) compatibility, it enables developers and users to leverage the security and decentralization of Bitcoin while benefiting from the flexibility and rich tooling of the EVM ecosystem. This hybrid approach allows for seamless integration of decentralized applications (dApps), cross-chain asset transfers, and enhanced transaction throughput—critical advancements in making Bitcoin a more functional smart contract platform.

Core Features of Merlin Chain

The MERL token serves as the native governance and utility token within the Merlin Chain ecosystem. With a maximum supply capped at 2.1 billion tokens, MERL plays a pivotal role in protocol governance, staking incentives, and network fee payments. Token holders can participate in key decision-making processes, including upgrades, parameter adjustments, and treasury allocations.

Asset Details at a Glance

Why This Listing Matters

The integration of Merlin Chain into OKX’s trading platform reflects broader industry trends: the increasing demand for Bitcoin Layer-2 solutions that unlock programmability and interoperability. As Bitcoin continues to dominate market capitalization among cryptocurrencies, efforts to enhance its functionality—without compromising decentralization—are gaining momentum.

Merlin Chain stands out by offering a secure, scalable, and developer-friendly environment rooted in Bitcoin’s robust consensus mechanism. Its listing on OKX provides global exposure and liquidity access, enabling retail and institutional investors alike to support and benefit from this emerging infrastructure.

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Frequently Asked Questions (FAQ)

Q: What is Merlin Chain?
A: Merlin Chain is a Bitcoin-native Layer-2 network that supports EVM-compatible smart contracts, allowing developers to build decentralized applications while leveraging Bitcoin’s security.

Q: What can I do with MERL tokens?
A: MERL is used for governance voting, staking rewards, and paying transaction fees within the Merlin Chain ecosystem. Holding MERL allows participation in shaping the network’s future.

Q: Is Merlin Chain secure?
A: Yes. As a Layer-2 solution anchored to the Bitcoin blockchain, Merlin Chain benefits from Bitcoin’s proven proof-of-work security model, making it highly resistant to attacks.

Q: When can I start trading MERL on OKX?
A: Spot trading for the MERL/USDT pair began on April 19, 2024, at 13:00 Kyiv time. Deposits were enabled two days earlier, with withdrawals available starting April 20.

Q: What makes EVM compatibility important?
A: EVM compatibility allows developers to port existing Ethereum tools, wallets, and dApps directly to Merlin Chain, significantly reducing development time and fostering rapid ecosystem growth.

Q: Where can I store my MERL tokens securely?
A: You can store MERL in any wallet that supports ERC-20 tokens and custom network configurations, including MetaMask, Trust Wallet, or directly within your OKX wallet.

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Risk Disclosure

The information provided in this article is for educational and informational purposes only and does not constitute financial advice, investment recommendations, or an offer to buy or sell any digital asset. Digital assets are highly speculative and volatile; they may become illiquid at any time and carry the risk of complete loss of investment.

OKX does not guarantee the accuracy, completeness, or reliability of any third-party information related to Merlin Chain or MERL. Trading decisions should be based on independent research and risk assessment. OKX assumes no liability for any losses incurred through trading activities.

Additionally, this content is not intended for distribution in jurisdictions where such access would violate local laws or regulations.

For support or further inquiries, users are encouraged to contact OKX customer service through official channels.

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