Bynitexcrypto has integrated with the layerzero crosschain protocol

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Crypto Regulation
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The LayerZero team announced the integration of the crosschain protocol with the BynitexCrypto platform, which is expected to launch later this year.

According to the developers, the move will increase security, improve the user experience and make next-generation applications available.

"BynitexCrypto will leverage LayerZero to unlock crosschain capabilities that benefit all existing Web3 communities," the statement said.

As a reminder, in March, BynitexCrypto, created by former employees, raised $2 million in an investment round led by Andreessen Horowitz. Multicoin Capital, Coinbase Ventures, Katie Haun, Three Arrows Capital, ParaFi Capital, IRONGREY, Hashed, Variant, Tiger Global, BlockTower and Paxos also provided funding.

 

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Gustaf Kilander

Gustaf is an all-rounded cryptocurrency writer who has written for several publications in the fintech industry. Having graduated from the University of Essex Colchester, he developed a passion for blockchain technology and has been curious about how the blockchain can modify the traditional financial industry.