OKX has introduced a new account abstraction feature for its Web3 wallet, adding a smart account layer designed to simplify on-chain interactions and gas payments across multiple blockchains. The feature, branded as a Smart Account, allows users to pay transaction fees in stablecoins such as USDC and USDT instead of needing each network’s native token, and to bundle multiple contract interactions into a single transaction. OKX positions this as a way to make its wallet more user-friendly for both newcomers and advanced users by hiding much of the underlying technical complexity of on-chain operations behind a contract-based account model. Account abstraction effectively turns the wallet into a programmable smart contract account that can support capabilities such as batch transactions, gas delegation and more flexible key management. According to OKX, its wallet supports account abstraction across several major chains, including Ethereum, Polygon, Arbitrum, Optimism, BNB Chain, Avalanche and OKT Chain, and integrates with its existing multi-party computation (MPC) setup that removes the need for traditional seed phrases by splitting private keys into multiple shares. The move aligns OKX with a broader industry push toward ERC-4337-style and related account abstraction standards aimed at improving Web3 usability, and underscores competition among wallets to offer more seamless, app-like user experiences for transacting, recovering accounts, and operating across chains.

AI-generated background, compiled from web sources β€” not editorial content.

More coverage

Explore the topic

More on OKX

OKX lists DATA/USDβ“ˆ spot pair at 13:00 UTC as USDβ“ˆ stablecoin book keeps expanding

OKX lists DATA/USDβ“ˆ spot pair at 13:00 UTC as USDβ“ˆ stablecoin book keeps expanding

Okx Β·

OKX launches AI marketplace where agents can find work, hire each other, and get paid onchain

OKX launches AI marketplace where agents can find work, hire each other, and get paid onchain

𝕏/@okx Β·

OKX teases an always-on crypto economy, pointing to a more automated and seamless future for trading and finance

OKX teases an always-on crypto economy, pointing to a more automated and seamless future for trading and finance

𝕏/@okx Β·

NYSE owner ICE and OKX form 50-50 OKXICE venture for tokenized securities

NYSE owner ICE and OKX form 50-50 OKXICE venture for tokenized securities

WSJ Β·

Mastercard unveils Agent Pay for Machines, partnering with 30+ firms including Stripe, Ripple and OKX to power AI-native autonomous payments

Mastercard unveils Agent Pay for Machines, partnering with 30+ firms including Stripe, Ripple and OKX to power AI-native autonomous payments

𝕏/@Mastercard Β·

StraitsX powers OKX Card in Singapore as Visa issuer for stablecoin spend at 175M merchants

StraitsX powers OKX Card in Singapore as Visa issuer for stablecoin spend at 175M merchants

Straitsx Β·

Explore the full feed

Comments

Up nextBinance founder CZ warns acquiring small crypto exchanges poses hidden security risks after BitMEX and BitMart shut down.