OKX Inks Strategic Partnership With Circle to Offer USDC Features

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Seychelles-headquartered top cryptocurrency exchange OKX and USDC issuer Circle have jointly announced a new partnership.

This strategic alliance will integrate USDC features on OKX Wallet and the OKX DEX aggregator with Circle’s Cross-Chain Transfer Protocol (CCTP). Markedly, the integration of USDC features comes without network fees.

Per the official announcement, “Launching today and continuing until October 5, OKX and Circle’s joint ‘USDC Zero Network Fee Campaign’ enables OKX Wallet Smart Account users to enjoy zero network fee transactions.”

OKX Wallet Smart Account Users Get 5 Feeless Transactions 

This ‘USDC Zero Network Fee Campaign’ will avail OKX Wallet Smart Account users the opportunity to perform five feeless on-chain transactions in a day on one device.

If a user exceeds their daily limitations, the feeless transactions will be paused temporarily and customers will be notified as soon as possible. At 4 p.m. every day, the total reward and user’s feeless transaction count resets. 

The discount is still available for the next 27 days and applies only to USDC, not any unofficially released assets. 

Terms and Conditions Apply on OKX Feeless Transactions 

Although, the feeless transactions are only available for ‘Slow’, ‘Average’, and ‘Fast’ transfer speeds on version 6.26.0 and above of the OKX Wallet applications. Also, It can be made across seven networks, including Ethereum, OKTC, BNB Chain, Polygon, Optimism, Arbitrum One, and Avalanche C.

This offering is available to OKX users in all regions except the United Arab Emirates. The restriction on UAE could result from a clause noted in the ‘Terms & Conditions’ of the firm. It highlighted that;

“the campaign is also not intended for distribution to,…., any person in a jurisdiction where such distribution or access would be contrary to applicable laws or regulations.”

Eligibility For OKX Feeless Transaction Campaign 

Participants are expected to hold a minimum of 10 USDC in their wallets in order for them to join the campaign. Noteworthy, the minimum waiver per transaction is 5 USDC, hence, if the network fee charged for a transaction is more than 5 USDC, such transaction will not be eligible for the feeless discount. 

More interestingly, users who share the news on this campaign on X (formerly Twitter), stand the chance of receiving a reward of 20 USDC.

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