Introduction
OKX has officially launched xBTC, a 1:1 Bitcoin-pegged wrapped asset, on May 22, 2025. This innovative token aims to boost Bitcoin’s cross-chain liquidity while unlocking new Web3 yield opportunities. With support for Solana, Sui, and Aptos, users can now seamlessly bridge their Bitcoin across multiple blockchains and explore decentralized finance (DeFi) applications.
xBTC: A Secure and Efficient Multi-Chain Bitcoin Solution
xBTC is a wrapped token backed by OKX, adhering to a 1:1 reserve mechanism. It combines the security of Bitcoin with the flexibility of Web3 ecosystems.
Key Features:
✅ Transparent & Secure
- Fully collateralized by OKX-held Bitcoin reserves.
- Real-time Proof-of-Reserve (PoR) audits for asset verification.
✅ Web3 Liquidity Access
- Use xBTC for lending, staking, liquidity mining, and other DeFi protocols.
- Maximize capital efficiency across decentralized applications (dApps).
✅ Cross-Chain Interoperability
- Transfer xBTC between Solana, Sui, Aptos, and other supported chains.
- Powered by OKX’s secure deposit/withdrawal infrastructure.
👉 Explore xBTC’s cross-chain potential
xBTC Deposit & Withdrawal Schedule
| Function | Opening Time (UTC+8) |
|----------------|---------------------------|
| Deposits | May 22, 11:00 AM |
| Withdrawals| May 22, 11:00 AM |
Supported Networks:
- Solana
- Sui
- Aptos
Step-by-Step Guide for xBTC Transactions
How to Deposit xBTC?
- Log in to your OKX account and navigate to Deposit.
- Select BTC and choose a source network (Solana/Sui/Aptos).
- Copy the deposit address and send xBTC from an external wallet.
- Once confirmed, xBTC auto-converts to BTC at a 1:1 ratio.
How to Withdraw xBTC?
- Go to Withdraw in your OKX account.
- Select BTC and the target network (Solana/Sui/Aptos).
- Enter the recipient address and confirm the amount.
- BTC converts to xBTC automatically and transfers to the destination chain.
Upcoming xBTC Ecosystem Incentives
🚀 "Learn & Earn" Campaign
- Complete educational tasks to qualify for BTC staking rewards.
💰 xBTC Yield Products
- OKX Web3 Wallet will soon offer xBTC-based yield opportunities on Solana, Sui, and Aptos.
- Access top DeFi protocols and earn additional ecosystem incentives.
👉 Stay updated on xBTC developments
FAQs
Q: Is xBTC as secure as native Bitcoin?
A: Yes. xBTC is 100% backed by Bitcoin reserves, verified via Proof-of-Reserve audits.
Q: Which chains support xBTC?
A: Solana, Sui, and Aptos at launch, with more integrations planned.
Q: Can I use xBTC in DeFi protocols?
A: Absolutely! xBTC is compatible with lending platforms, DEXs, and other Web3 applications.
Q: Are there fees for converting BTC to xBTC?
A: Conversion follows a 1:1 ratio with minimal network fees (varies by chain).
Q: Where can I track my xBTC reserves?
A: OKX provides transparent PoR reports for real-time monitoring.
Disclaimer
This content is for informational purposes only and does not constitute financial advice. Digital assets carry risks—assess your risk tolerance before trading. Regional restrictions may apply. For details, review OKX’s Terms of Service.