OKX Launches BRC20 Token Trading and BTC Cross-Chain Swap on Ordinals Trading Market
OKX, has made an announcement today regarding the upcoming launch of the Ordinals Marketplace on OKX Wallet. This new marketplace will enable users to mint and trade Bitcoin Ordinals and BRC-20 tokens, solidifying OKX’s commitment to supporting the Bitcoin ecosystem.
With the launch of the Ordinals Marketplace, OKX Wallet will become the only multichain wallet offering users the ability to trade and mint Ordinals, BRC-20 tokens, and NFTs across over 60 blockchains through a single solution.
📢 Introducing Ordinals Marketplace on @okxweb3, where you can mint and trade Ordinals and BRC-20 tokens.
⚡ Be at the forefront of innovation with the first multichain wallet supporting Lightning for faster #Bitcoin transactions.
Stay ahead with #OKX 👉 https://t.co/gXRCRabiZh pic.twitter.com/nGlkc00NIJ
— OKX (@okx) May 16, 2023
Jason Lau, the Chief Innovation Officer at OKX, expressed his enthusiasm for the new marketplace, stating, “OKX has always believed in the power of Bitcoin, and we’re proud to continuously bring Bitcoin technologies to a wider market.
Whether it’s Ordinals, BRC-20, or Lightning, we see the potential of these technologies as they expand the design space and deliver new use cases. OKX Wallet is the best way to explore the world of Bitcoin Ordinals and BRC-20 tokens, and we can’t wait to launch even more features for the community.”
The features of the new Ordinals Marketplace include the ability to view and transfer Ordinals, which is now live. This week, users will also gain the ability to trade BRC-20 tokens, including buying, selling, and listing them. In the near future, the marketplace will expand further by allowing users to mint Ordinal inscription NFTs and BRC-20 tokens, as well as trade Ordinals through buying, selling, and listing.
In addition to the Ordinals Marketplace, OKX is enhancing its support for Bitcoin with various features. OKX Wallet will soon support the Lightning Network, enabling faster and more cost-effective Bitcoin transactions.
Furthermore, the OKX BTC Explorer will add support for BRC-20 tokens, making it the first multichain explorer to offer real-time validation of BRC-20 transactions directly from the source. OKX is also introducing staking support for $STX (Bitcoin Layer-2) and BRC-20 tokens, providing users with additional opportunities to earn rewards.
OKX Wallet sets itself apart by being the first multi-chain Web3 wallet to utilize multi-party computation (MPC) technology. This approach enhances security by eliminating a single point of failure and simplifies asset recovery in emergency situations. Embracing the Bitcoin philosophy of “not your keys, not your coins,” OKX Wallet ensures decentralized self-custody, with all transactions and tokens being stored on-chain.
To showcase its dedication to the Bitcoin community, OKX will participate in the Bitcoin Builders conference, taking place on May 17 in Miami. Chief Innovation Officer Jason Lau will join a panel discussion alongside other industry leaders, where they will share insights and future plans. OKX is poised to announce further support for the Bitcoin protocol and community in the near future.
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