Binance adds Bitcoin Ordinals to its NFT marketplace

Companies • May 9, 2023, 5:00AM EDT
UPDATED: May 9, 2023, 9:09AM EDT
The Block

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.

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Updates with number of Ordinals minted.


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About Author

RT Watson is a senior reporter at The Block who covers a wide array of topics including U.S.-based companies, blockchain gaming and NFTs. Formerly covered entertainment at The Wall Street Journal, where he wrote about Disney, Netflix, Warner Bros. and the creator economy while focusing primarily on technological disruption across media. Previous to that he covered corporate, economic and political news in Brazil while at Bloomberg. RT has interviewed a diverse cast of characters including CEOs, media moguls, top influencers, politicians, blue-collar workers, drug traffickers and convicted criminals. Holds a master's degree in Digital Sociology.

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