OKX follows Binance in enabling support for Bitcoin Ordinals

Crypto speech OKX said its wallet would soon enactment Bitcoin (BTC) Ordinals and BRC-20 tokens trading.

According to a May 16 statement, the speech would alteration enactment for BRC-20 token trading and BTC cross-chain swap this week, portion enactment for Ordinal inscriptions and token casting would beryllium allowed successful June.

“The motorboat of the caller Ordinals Marketplace demonstrates OKX’s continued enactment for the Bitcoin ecosystem and volition marque the OKX Wallet the lone multichain wallet allowing users to commercialized and mint Ordinals, BRC-20 tokens and NFTs crossed 60+ blockchains via 1 solution.”

OKX would not beryllium the archetypal speech to alteration enactment for Ordinals. Last week, Binance’s NFT marketplace said it would let enactment for integer assets.

Bitcoin lightning is coming to OKX wallet

Besides the Ordinals support, OKX said it would integrate the Bitcoin Lightning Network into its wallet — a diagnostic already connected the main exchange.

The speech further revealed a partnership with open-source Bitcoin wallet UniSat to make a cross-verification process for BRC-20 transactions indexing connected the BTC network.

OKX’s main innovation serviceman Jason Lau said each these integrations and enactment for the Bitcoin web amusement that the speech sees the imaginable successful Bitcoin technologies and would strive to perpetually beryllium astatine the forefront of bringing them to the masses.

Bitcoin Ordinals implicit 7M

The fig of NFTs connected the Bitcoin web crossed 7 cardinal connected May 15, according to information from Dune Analytics show.

Source: Dune Analytics

Recently, involvement successful Bitcoin Ordinals, BRC-20, and different improvement connected the blockchain web pushed the transaction measurement connected the web to caller highs. CryptoSlate reported that state fees connected the web surged to a 2-year precocious amid the involvement successful BRC-20 tokens.

However, the hype surrounding these assets appears to person faded arsenic the web state fees are backmost to normal, and the marketplace headdress of BRC-20 tokens has dropped beneath $500 million, according to brc-20.io.

The station OKX follows Binance successful enabling enactment for Bitcoin Ordinals appeared archetypal connected CryptoSlate.