Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
Home»TRADING NEWS»Binance Bitcoin Ordinal Marketplace Launch: How It Works
TRADING NEWS

Binance Bitcoin Ordinal Marketplace Launch: How It Works

By Crypto FlexsFebruary 1, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Binance Bitcoin Ordinal Marketplace Launch: How It Works
Share
Facebook Twitter LinkedIn Pinterest Email

Binance is launching a new NFT marketplace focused on inscriptions and Bitcoin ordinals. Users can trade and mint inscriptions using self-managed wallets.

Binance’s new marketplace supports BRC-20, EVM, and other inscriptions and draws liquidity from UniSat, an ordinal and inscription marketplace.

Binance says Bitcoin ordinal has matured

Initially, Binance Inscription Marketplace will provide users with access to over 60,000 BRC-20 tokens. New marketplace users can use the self-custodial wallet built into the Binance app. Binance will use the UniSat Marketplace to provide enhanced liquidity to its customers.

The cryptocurrency exchange said the launch is timely now that more than 200 million inscriptions have been recorded across multiple blockchains. Additionally, ORDI, a BRC-20 token, recently reached a market capitalization of $1 billion.

Daily Bitcoin ​​inscription data | Source: Sand Analysis

This move is also closely related to the launch of inscription services by large exchanges. OKX released new inscription standards earlier this week: Doginals, Atomicals, Stamps, and Runes.

Developer Casey Rodamor implemented the inscription idea on the Bitcoin network. Essentially, the Ordinals protocol “inscribes” a digital file into the smallest unit of BTC, called a Satoshi, as part of a transaction.

The Ordinals protocol adds an inscription to transaction blocks, allowing miners to store them immutably when they finalize a transaction block. NFTs, on the other hand, contain data that shows where the file is off-chain.

Bitcoin Project, Venture into the Arts Field

Binance’s decision to launch an inscription marketplace suggests that it sees potential in this space. The explosion of inscriptions occurred during the 2023 bear market, when traditional NFT traders were hibernating.

Now, given the improved BTC liquidity and mainstream acceptance offered by Bitcoin exchange-traded funds, the stage is set for this space to take off. Given their performance, Rodamor expects Ordinals to take off in the next bull market.

“I don’t even want to know what the ordinal will do in a Bitcoin bull market. “Poop is going to be rough.”

Ordinal numbers will also make mining more profitable as they can increase transaction fees for miners. These fees can make up for losses suffered by miners after the next Bitcoin halving.

Read more: How to Invest in NFTs – A Step-by-Step Guide to Finding Profitable Projects

Epitaphs have found favor with NFT art enthusiasts as auction house Sotheby’s recently auctioned off a collection of Ordinals called BitcoinShrooms. This collection was created by an artist named Shroomtoshi, whose work combines the technical and cultural aspects of Bitcoin.

bitcoin ordinal nft art
BitcoinShrooms Sovereign Private | Source: Sotheby’s

Read more: Where to Buy NFTs: Top 15 NFT Marketplaces

Another collection developed by the TapRoot Wizards project will be released later today. Called Quantum Cats, the collection is a tribute to OP_CAT, a Bitcoin improvement proposal, and consists of 3,000 digital cats. Minting takes place today at 2 PM ET.

disclaimer

In compliance with Trust Project guidelines, BeInCrypto is committed to unbiased and transparent reporting. These news articles aim to provide accurate and timely information. However, before making any decisions based on this content, readers are encouraged to check the facts and consult with experts. Our Terms of Use, Privacy Policy and Disclaimer have been updated.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

TRON Price Propects USDT supply exceeded $ 80 billion

June 28, 2025

Why Bakkt Holdings can buy Bitcoin with a $ 1 billion increase

June 27, 2025

Why I am still optimistic despite noise

June 26, 2025
Add A Comment

Comments are closed.

Recent Posts

Checkpoint #4: Berlinterop | Ether Leeum Foundation Blog

June 28, 2025

TRON Price Propects USDT supply exceeded $ 80 billion

June 28, 2025

Stablecoin startups surpass 2021 venture capital peaks as institutional money spills.

June 28, 2025

No Altcoin Season 2025 ? Why Bitcoin Dominance Is Holding Strong In The Crypto Market

June 28, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Safe smart account audit summary

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

Bybit Expands Global Reach With Credit Card Crypto Purchases In 25+ Currencies And Cashback Rewards

June 27, 2025

BYDFi Joins Seoul Meta Week 2025, Advancing Web3 Vision And South Korea Strategy

June 27, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Checkpoint #4: Berlinterop | Ether Leeum Foundation Blog

June 28, 2025

TRON Price Propects USDT supply exceeded $ 80 billion

June 28, 2025

Stablecoin startups surpass 2021 venture capital peaks as institutional money spills.

June 28, 2025
Most Popular

AI transforms climate modeling with increased speed and accuracy.

December 4, 2024

Mining theory – valid block header version bits

May 1, 2024

FINAL FANTASY XVI Launches on GeForce NOW, Expanding Cloud Gaming Offerings

September 20, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.