01 Exchange Launches Terra Cross Chain Deposits

Twitter icon  •  Published il y a 2 ans  •  Hassan Maishera

01 Exchange, a decentralized derivatives exchange, announced in a blog post yesterday that it has launched Terra cross-chain deposits.

01 Exchange, a decentralized derivatives exchange, announced in a blog post yesterday that it has launched Terra cross-chain deposits. This service is powered by Wormhole, an interoperability protocol powering the transfer of value and information across 7 high-value chains. 01 Exchange traders can freely use their Terra Station wallet to fund their 01 margin accounts (on the Solana blockchain).

A cross-chain is the capacity of two relatively independent blockchains to communicate with one another.

LUNA, the native token of the Terra ecosystem, is up by more than 15% in the last 24 hours and is trading at $57.20 at press time.

Author

Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.