Digital assets firm OKX recently revealed that they’re investing in Bitcoin’s long-term security via a grant to 2140 Foundation.
OKX explained in a blog post that the grant will aim to extend support to the 2140 Foundation’s multi-year and ongoing effort to foster long-term security, resilience and “maintainability” of the Bitcoin network.
The grant was unveiled by 2140 Foundation Co.-Founder Josie Baker recently at Bitcoin Amsterdam 2024.
OKX confirmed in a blog post that they’re also offering a €50 BTC signup incentive for every new Dutch customer who trades “at least €100” in crypto during Bitcoin Amsterdam week.
OKX shared additional details regarding the latest initiative by noting that 2140 Foundation is a Bitcoin (BTC) developer foundation.
The OKX team explained that this funding will aim to support the foundation’s effort to enable long-term security, “resilience” as well as maintainability of the Bitcoin (BTC) network via “sustained” development, innovation and collaboration among crypto / BTC developers and contributors.
The grant was officially announced at Bitcoin Amsterdam 2024, which took place at Westergas in Amsterdam.
In conjunction with this initiatve, OKX stated they are focused on encouraging wider participation in the cryptocurrency ecosystem and showcased their ongoing commitment to the Dutch market.
Since the launch of our exchange and onchain wallet in the Netherlands, OKX now offer Dutch customers access to spot trading and “convert services” for over 170 cryptocurrencies, including 61 crypto-Euro pairs.
Their platform’s integration with iDEAL and SEPA enables ‘free” and “instant Euro deposits” as well as withdrawals.
In addition to this, the OKX Wallet serves as a “gateway” to the onchain world, enabling users “full custody” of their digital assets across more than 100 chains.
This grant and OKX’s presence as a sponsor at Bitcoin Amsterdam 2024 underscore their dedication to the Bitcoin ecosystem.
OKX claims that they’ve “consistently supported” Bitcoin’s development, integrating the Lightning Network over two years ago in order enable faster BTC transactions.
Since 2019, as part of OKX’s grants program, they claim to have given out nearly $2 million in Bitcoin developer grants, focusing on “growing the developer ecosystem, as well as efforts around security and adoption.”
OKX said that their ongoing Ordinals World Tour, their Wallet’s support of emerging Bitcoin standards like Runes and Fractal Bitcoin, and recent launch of OKX OS – a Bitcoin-friendly onchain infrastructure suite – “solidifies their position as a key player in advancing the Bitcoin ecosystem.”