OKX to list spot trading of SAFE

The crypto exchange OKX will list SAFE for spot trading, the company said on Monday. 

According to an OKX release, SAFE deposits will open at 11:00 a.m. ET on April 22, with withdrawals starting at 6:00 a.m. ET on April 24. Following a company review, the firm will list the SAFE/USDT trading pair. 

"Safe includes a full stack of account abstraction infrastructure and the industry-standard multi-sig wallet. The project is focused on making every Ethereum account, a smart account and enabling new use cases like AI, staking, gaming, SocialFi, DeFi and payments to flourish with gasless transactions, easy face-ID like logins, onramps, recovery and more," OKX wrote in a Monday post.

SAFE, which has a total supply of 1 billion, is the token from Safe, a firm developing multisig wallets and was previously called Gnosis Safe. Multisig wallets require two or more signatures to access their funds and are generally considered a more secure way to store digital assets. 

Safe acquired the crypto treasury management firm Multis on April 18, The Block previously reported. Safe notes over $100 billion assets stored and 8.1 million accounts deployed, according to the firm's website.