Cryptocurrency exchange OKX has announced that its wallet will soon support Bitcoin (BTC) ordinals and BRC-20 token trading.
According to a May 16 statement, this exchange will enable support for the BRC-20.Oken trading and BTC cross-chain swaps will take place this week, Regular inscriptions and token minting will be allowed in June.
“The launch of the new Ordinals Marketplace demonstrates OKX’s continued support for the Bitcoin ecosystem, with the OKX wallet allowing users to access Ordinals, BRC and more across 60+ blockchains via one solution. -20 tokens, it will be the only multi-chain wallet that can trade and mint NFTs.”
OKX is not the first exchange to enable ordinal support. Last week, Binance’s NFT Marketplace announced it would allow support for digital assets.
Bitcoin Lightning Coming to OKX Wallet
In addition to supporting Ordinals, OKX has announced that it will integrate the Bitcoin Lightning Network into its wallet. This feature is already available on major exchanges.
This exchange also made it clear that partnership Develop a cross-validation process for BRC-20 transactions indexed on the BTC network using the open-source Bitcoin wallet UniSat.
OKX Chief Innovation Officer Jason Lau Said All these integrations and support for the Bitcoin network show that the exchange recognizes the potential of Bitcoin technology and strives to always be at the forefront of bringing it to the masses.
Bitcoin Ordinals Over 7 Million
The number of NFTs on the Bitcoin network surpassed 7 million on May 15, according to data. dune analysis show.
Recently, interest in Bitcoin ordinals, BRC-20, and other developments on the blockchain network has pushed transaction volumes on the network to new highs. crypto slate Gas prices on the network have soared to a two-year high amid growing interest in BRC-20 tokens.
However, the hype surrounding these assets appears to have died down as network gas prices have returned to normal and the BRC-20 token market cap has fallen below $500 million, the paper said. brc-20.io.
OKX’s post followed Binance’s in enabling Bitcoin ordinals support in CryptoSlate.
