Crypto exchange Binance said its marketplace would enable support for Bitcoin (BTC) Ordinals. In a May 8 statement, Binance said it was enabling support for Bitcoin NFTs to elevate its marketplace to a multi-chain, open marketplace ecosystem, where users can explore and trade a v...
In a May 8 statement, Binance said it was enabling support for Bitcoin NFTs to elevate its marketplace to a multi-chain, open marketplace ecosystem, where users can explore and trade a variety of NFTs across multiple blockchains from their accounts.
“Binance NFT believes Bitcoin’s innovative technology and cultural significance represent an exciting new horizon, offering unique opportunities for NFT creation.”
The support would enable the exchange users to trade these NFTs directly from their accounts while enjoying its platform’s security and stability.
Bitcoin Ordinal Inscriptions cross 5 million
The increase has followed the introduction of the Bitcoin Request for Comment (BRC-20) token standard, which allows users to transferable assets directly through the blockchain network.
In the last 24 hours, there were 241,880 unique inscriptions on Bitcoin, of which 193,349 were text-based. There were less than 500 inscriptions of images, applications, and tokens during the period.
Meanwhile, the BRC-20 tokens have a cumulative volume of over $207 million during the last 24 hours.