OKX, one of the leading cryptocurrency exchange, has introduced xBTC, a 1:1 Bitcoin-pegged wrapped asset, on Solana, Aptos, and Sui networks. This launch comes as Bitcoin’s price surges to a new all-time high (ATH) of $111,746, unlocking new possibilities for trading, lending, and Web3 strategies.
According to an official OKX blog post dated May 22, 2025, deposits and withdrawals of xBTC are now available on Solana, Aptos, and Sui starting May 22, 2025, at 3:00 am UTC.
With xBTC launching, deposit and withdrawal of BTC via Solana, Sui, and Aptos blockchains are available, bridging Bitcoin across chains for users to seamlessly participate in the multi-chain Web3 ecosystems, unlocking more possibilities for utilizing Bitcoin assets-OKX stated.
Similarly, Jason Lau, Chief Innovation Officer at OKX, emphasized the exchange’s commitment to seamless usability and on-chain accessibility. He noted that xBTC will allow Bitcoin holders to engage with fast, low-cost DeFi applications.
Industry Leaders Praise xBTC Integration
Ash Pampati, Head of Ecosystem at Aptos Foundation, commented:
“Aptos was built for real-world open finance applications, and Bitcoin is the linchpin between traditional and decentralized finance markets. Being one of the first blockchains to support xBTC is a testament to the network’s high performance, security, and scalability.”
Christian Thompson, Managing Director at Sui, added that this launch highlights Sui’s growing Bitcoin DeFi ecosystem and its BTCfi capabilities.
Why xBTC? Key Benefits
OKX highlights several advantages of xBTC:
- Secure & Transparent: Backed 1:1 by BTC with real-time Proof of Reserves.
- Web3 Liquidity: Enables lending, liquidity mining, and other DeFi activities.
- Cross-Chain Ease: Facilitates seamless transactions across multiple networks via OKX’s secure infrastructure.
Bitcoin Price Hits $11k as xBTC Launches
The xBTC launch coincides with Bitcoin’s bullish momentum, reaching an ATH of $111,746. BTC is trading at 111,039, up 3.37% in 24 hours. Over the past week and month, Bitcoin surges 8% and 25%, respectively, with 24-hour trading volume spiking 77% to $90.92 billion.
This strategic expansion by OKX strengthens Bitcoin’s interoperability while empowering users to explore multi-chain DeFi opportunities.
