BitBank starts handling Arbitrum, Optimism, Dai, Clayton, and ImmutableX from the 14th | CoinDesk JAPAN

Crypto asset (virtual currency) exchange BitBank will start handling Arbitrum (ARB), Optimism (OP), Dai (DAI), Klayton (KLAY), and ImmutableX (IMX) from December 14th.

A summary of each is as follows, according to the release.

• Arbitrum (ARB): A project developed to alleviate scalability issues as layer 2 of Ethereum. ARBs can be used for governance votes related to DAO project operations and decision-making.
• Optimism (OP): A project developed to alleviate scalability issues as layer 2 of Ethereum. OP can be used for governance votes related to DAO project operations and decision-making.
• Dai (DAI): A project that issues stable coins using crypto assets such as Ethereum developed by the Maker Foundation as collateral. DAI has set a target price of 1DAI = 1 USD, and since the price actually fluctuates around 1 USD, it is used as a stable coin for payment and remittance methods.
• Clayton (KLAY): A project that combines the features of public and private blockchains, developed by GroundX, a subsidiary of South Korea’s leading internet company “Kakao”. KLAY can be used to make payments within the ecosystem, pay transaction fees, and vote on governance regarding operational policies.
• Immutable X (IMX):This is a project developed to alleviate scalability issues as Layer 2 of Ethereum, which specializes in NFT transactions. IMX can be used for fee payments during NFT transactions, staking, and governance voting regarding management policies.

Reference: Bitbank reputation/reviews

｜Text/Editing: CoinDesk JAPAN Editorial Department
｜Image: From the release