OKX to list spot trading of SAFE

Companies • April 22, 2024, 12:26PM EDT

Published 1 minute earlier on

Quick Take

The crypto exchange OKX will list the spot trading of SAFE, a token from the multisig wallet developer Safe (previously Gnosis Safe).
SAFE deposits will open at 11:00 a.m. ET on April 22, with withdrawals starting at 6:00 a.m. ET on April 24.

The crypto exchange OKX will list SAFE for spot trading, the company said on Monday.

According to an OKX release, SAFE deposits will open at 11:00 a.m. ET on April 22, with withdrawals starting at 6:00 a.m. ET on April 24. Following a company review, the firm will list the SAFE/USDT trading pair.

"Safe includes a full stack of account abstraction infrastructure and the industry-standard multi-sig wallet. The project is focused on making every Ethereum account, a smart account and enabling new use cases like AI, staking, gaming, SocialFi, DeFi and payments to flourish with gasless transactions, easy face-ID like logins, onramps, recovery and more," OKX wrote in a Monday post.

SAFE, which has a total supply of 1 billion, is the token from Safe, a firm developing multisig wallets and was previously called Gnosis Safe. Multisig wallets require two or more signatures to access their funds and are generally considered a more secure way to store digital assets.

Safe acquired the crypto treasury management firm Multis on April 18, The Block previously reported. Safe notes over $100 billion assets stored and 8.1 million accounts deployed, according to the firm's website.

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MK Manoylov has been a reporter for The Block since 2020 — joining just before bitcoin surpassed $20,000 for the first time. Since then, MK has written nearly 1,000 articles for the publication, covering any and all crypto news but with a penchant toward NFT, metaverse, web3 gaming, funding, crime, hack and crypto ecosystem stories. MK holds a graduate degree from New York University's Science, Health and Environmental Reporting Program (SHERP) and has also covered health topics for WebMD and Insider. You can follow MK on X @MManoylov and on LinkedIn.