OKX announces a grant to the 2140 Foundation to enhance Bitcoin's long-term security, unveiled at Bitcoin Amsterdam 2024.
OKX, a leading cryptocurrency exchange, has announced a significant grant to the 2140 Foundation aimed at enhancing the long-term security and resilience of the Bitcoin network. This initiative was revealed during the Bitcoin Amsterdam 2024 event, showcasing OKX's commitment to supporting the Bitcoin ecosystem.
The grant from OKX will support the 2140 Foundation's multi-year efforts to ensure the Bitcoin network's long-term security, resilience, and maintainability. This funding will facilitate sustained development and innovation, fostering collaboration among developers and contributors.
Ruben Somsen and Josie Baker, founders of the 2140 Foundation, unveiled the grant at the Bitcoin Amsterdam 2024 event held at Westergas in Amsterdam. This initiative aligns with OKX's broader strategy to enhance the Bitcoin ecosystem and support innovative projects that expand Bitcoin's utility.
In conjunction with the grant announcement, OKX is incentivizing new users in the Netherlands by offering a €50 BTC signup bonus for those who trade at least €100 in crypto during the Bitcoin Amsterdam week, which runs from October 7 to October 13. This campaign aims to encourage greater participation in the cryptocurrency market and highlight OKX's ongoing commitment to the Dutch market.
Roy van Krimpen, OKX Regional Manager for Western Europe and the Mediterranean, stated, "This grant to the 2140 Foundation underscores our longstanding commitment to fostering the Bitcoin ecosystem and backing innovative projects that expand Bitcoin's utility."
Since launching its exchange and on-chain wallet in the Netherlands, OKX has provided Dutch customers with access to spot trading and conversion services for over 170 cryptocurrencies, including 61 crypto-Euro pairs. The platform's integration with iDEAL and SEPA allows for free and instant Euro deposits and withdrawals, enhancing the user experience.
Additionally, the OKX Wallet serves as a gateway to the on-chain world, enabling users to maintain full custody of their digital assets across more than 100 chains.
This grant and OKX's sponsorship at Bitcoin Amsterdam 2024 highlight the company's dedication to the Bitcoin ecosystem. OKX has consistently supported Bitcoin's development, having integrated the Lightning Network over two years ago to facilitate faster BTC transactions.
Since 2019, OKX has distributed nearly $2 million in Bitcoin developer grants, focusing on growing the developer ecosystem and enhancing security and adoption. The company's initiatives, including the ongoing Ordinals World Tour and support for emerging Bitcoin standards, further solidify its role as a key player in advancing the Bitcoin ecosystem.
In summary, OKX's investment in the 2140 Foundation represents a significant step towards ensuring the long-term security and resilience of the Bitcoin network, while also fostering growth in the Dutch cryptocurrency market.
