Bitfinex Announces Support for CELO's Layer 1 to Layer 2 Transition
Bitfinex Announces Support for CELO's Layer 1 to Layer 2 Transition
š CELO's Big Move
Bitfinex has confirmed support for Celo's upcoming transition from Layer 1 to Ethereum Layer 2.
Key details:
- Transition Date: March 26, 2025 (Block: 31056500)
- Deposits and withdrawals pause: March 25, 2025, 5am UTC
- Trading continues uninterrupted
- Automatic 1:1 conversion of CELO L1 to CELO L2 tokens
The migration to Optimism Superchain aims to enhance scalability and security while maintaining low fees and fast transactions. This move represents significant integration with the Ethereum ecosystem.
Automatic transition for CELO holders on Bitfinex! Bitfinex supports @Celo's transition from Layer 1 to an Ethereum Layer 2 ā š§ Deposits and withdrawals: closed from 25/03 at 5am UTC ā” Trading remains unaffected Get the details here: bitfinex.com/posts/1107/
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