ByBit, a top-tier cryptocurrency exchange, has officially integrated the Codex Chain, enabling users to deposit USD Coin (USDC) via the new network. The integration provides millions of ByBit users with an additional pathway for stablecoin transfers, a critical component of the exchange trading infrastructure.

This development matters as exchanges continuously compete to offer users more efficient and low-cost transaction options. While deposits are live, the exchange has stated that USDC withdrawals on Codex will be enabled once the network meets necessary liquidity requirements.

The integration signals a broader industry trend where centralized exchanges are expanding support for various blockchain networks. By adding chains like Codex, exchanges aim to improve user experience, attract liquidity, and retain traders looking for flexibility and lower fees.