LayerZero launches ATLAS exchange infrastructure as ZRO jumps 16%

LayerZero has unveiled ATLAS, an exchange infrastructure layer built on its Zero blockchain for crypto trading platforms and financial institutions, while ZRO has climbed more than 16% following the announcement. Summary LayerZero has unveiled ATLAS as exchange infrastructure for trading platforms and financial institutions. ATLAS will combine matching, clearing, settlement and risk management on the Zero blockchain. ZRO will secure Zero and give ATLAS trading venues access to higher fee rebates. LayerZero plans to use 75% of remaining Open ATLAS fees to buy and burn ZRO. ZRO jumped more than 16% following the ATLAS announcement. LayerZero said ATLAS, short for Aggregated Trading, Liquidity and Settlement, will serve as a backend for trading venues without operating a consumer-facing exchange of its own, allowing exchanges, brokers and financial firms to keep control of their users and interfaces. The system brings trade matching, clearing, settlement and risk management into a single stack, functions that financial institutions often handle through separate infrastructure. LayerZero plans to launch ATLAS later this year. Built on Zero, the layer 1 network LayerZero introduced in F...