An altcoin based on Ethereum (ETH) is experiencing a significant surge following the backing of South Korea’s second-largest cryptocurrency exchange.
Bithumb, a leading crypto trading platform, recently announced its support for Across Protocol (ACX), a cross-chain bridge. This development has led to a surge in the value of ACX.
The news of Bithumb’s support caused ACX to skyrocket, with its value jumping from $0.275 on March 21st to a peak of $0.462 shortly after, marking a 68% increase. As of the time of writing, ACX is trading at $0.319, reflecting a 10% gain in the last 24 hours.
In its whitepaper, Across Protocol describes itself as the only cross-chain platform powered by intents.
Across Protocol explains, “Intents introduce a third party, a relayer, that quickly delivers assets and executes user transactions. Relayers compete on cost and speed to fill orders, providing users with the desired outcome without any delays.”
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