Tokenlon Bitcoin cross-chain gateway will stop serving individual investors on December 31

Decentralized exchange Tokenlon has announced adjustments to its Bitcoin cross-chain gateway service policy, ceasing services for individual investors. The imBTC redemption channel will be closed on December 31, 2023 at 23:59 (UTC+8) and will only be available for institutional clients in the future. It is reported that in order to help community users cross-chain BTC tokens to the Ethereum network, Tokenlon launched its Bitcoin cross-chain gateway service and imBTC (1:1 anchored to BTC) at the end of 2019, serving a total of 4,555 addresses and 127,509 transactions to date.