Huobi Ventures, the investment arm of leading exchange Huobi Global, is beyond excited to be investing in Matter Labs. Besides the investment, Huobi will also be joining forces with zkSync in its mission in making self-sovereign participation in the digital economy — that is, maintaining complete control over one’s digital assets — affordable for anyone in the world.
Huobi is integrating with zkSync to offer direct fiat onramp and offramps to zkSync’s Layer 2. Huobi users will no longer need to pay expensive mainnet transaction fees to deposit and withdraw assets from zkSync, and zkSync users will be able to leverage Huobi’s liquidity and scale.
JinBin Xie, Investment Manager of Huobi Ventures, said: “The significance of zkSync is that non-interactive Rollup could be achieved by importing Zero Knowledge Proof as well as zkEVM. More Dapps are eligible to be migrated to Layer 2. ZkSync 2.0 will spark a wave of DeFi movement to Layer 2.”
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