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Home»ADOPTION NEWS»Binance Launches Inscription Token Market
ADOPTION NEWS

Binance Launches Inscription Token Market

By Crypto FlexsFebruary 1, 20242 Mins Read
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Binance Launches Inscription Token Market
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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.


Disclaimer: The Block is an independent media outlet delivering news, research and data. As of November 2023, Foresight Ventures is a majority investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, impactful and timely information about the cryptocurrency industry. Below are our current financial disclosures.

© 2023 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be used as legal, tax, investment, financial or other advice.

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