Binance today announced the launch of the “Binance Inscription Marketplace,” where users can buy, sell, and mint. inscription token.
In a statement shared with The Block, Binance said the new platform will be hosted within a self-custodial cryptocurrency wallet on its app, allowing users to trade or mint BRC-20 tokens, EVM tokens, and other inscription tokens.
“Our platform not only supports crypto trading, but also facilitates the issuance of BRC-20 and EVM tokens, lowering transaction costs,” a Binance spokesperson told The Block.
“With recent significant milestones, including the BRC-20 token ORDI reaching a market cap of $1 billion and over 200 million inscriptions on various blockchains, we are confident that our arrival in this space is timely, not late, and Binance We believe this is a ripe moment for users to explore. And reap the benefits of this evolving domain,” he added.
Binance said its new product adopts the API of UniSat, an ordinal and ordinal marketplace. According to the statement, this approach will give users access to UniSat’s liquidity and offering of over 60,000 BRC-20 tokens.
Binance’s newly launched Inscription Marketplaces include: OKX’s movements earlier this week Activate the Doginals, Atomicals, Stamps and Runes inscription standards.
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