Binance adds Bitcoin Ordinals to its NFT marketplace

Quick Take

  • Binance customers can trade Bitcoin Ordinals by late May without the need of an external wallet, the company said.

Binance, the world’s largest crypto trading platform, wants in on the burgeoning Bitcoin Ordinals market.

The company announced that its non-fungible token (NFT) marketplace will, from late May, “support” Ordinals in order to further grow Binance’s “multi-chain ecosystem.” Binance customers will be able to buy and sell Ordinals without needing to utilize a “separate Bitcoin wallet,” the company said in a statement.

“Bitcoin is the OG of crypto,” said Binance’s Head of Product Mayur Kamat. “We are super excited to bring Bitcoin Ordinals to Binance NFT.”

Over five million Ordinals have been minted on Bitcoin since December 2022, which has generated a total of 996.23 BTC ( or $27.6 million) in fees, according to The Block Research.

Updates with number of Ordinals minted.

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