Layerswap On-Ramp Is Officially Live on Immutable

With Layerswap, users now have an easier way to transfer $USDC, $ETH and $IMX from centralized exchanges onto the Immutable Layer 2 platform.

Feb 19, 2023
by Dragan
Layerswap On-Ramp Is Officially Live on Immutable
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Immutable has announced that Layerswap on-ramp is now officially live on their Ethereum-based Layer 2 network, making it easier to transfer crypto from centralized exchanges onto their blockchain.

With this new on-ramp feature, the gaming-focused platform now becomes more accessible than ever before, as users who’d like to move their funds from a centralized exchange over on to Immutable are now able to instantly on-ramp $USDC, $ETH and the native token, $IMX, onto the network. This also means that developers are now able to “integrate on and off-ramp solutions directly through the Immutable Core SDK.”

By creating a Layerswap account and connecting to a centralized exchange, users are able to make an instant transaction from their exchange account to the Layerswap account. Not only is this designed to provide a better onboarding experience for gamers, but it is also “designed to increase revenue for game developers by making spending easier.”

Layerswap has been up and running 8 months so far, processing over a $100 million in total transaction volume across top-tier exchanges such as Binance and Coinbase, among others. 

Immutable has been putting more focus on providing accessible solutions in recent times that aim to make it easier to onboard users onto their platform and thus in turn make Web3 games built on it simpler to access. Their efforts on accessibility can be seen not only with this new integration, but also with the reveal of the Immutable Passport, a non-custodial wallet, at the beginning of this month.

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