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ETH Offramp Feature Is Now Available On Immutable X

Twitter icon  •  Published vor 1 Jahr  •  Hassan Maishera

The Immutable X team announced via Twitter on Tuesday that the ETH offramp feature is now available on its blockchain.

The Immutable X team announced via Twitter on Tuesday that the ETH offramp feature is now available on its blockchain. The feature is available to any developer building an Immutable X-powered platform. 

With this feature, developers can enable their users to sell layer-2 ETH and have the proceeds deposited directly to their bank accounts. There is no gas fee for this exchange, only a Moonpay transaction fee, Immutable X added. Furthermore, the offramp feature is only available to end-users in the US, UK and Europe at the moment. Immutable X added that it would implement this offramp feature on its marketplace in the next quarter. 

Immutable X is an L2 scaling solution for non-fungible tokens (NFTs) on Ethereum, with instant trading, massive scalability, and zero gas fees for minting and trading with shared security with the Ethereum mainnet. IMX is up by more than 7% today and is trading at $0.966 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.