OKX, a cryptocurrency exchange, is introducing Bitcoin ordinals to its OKX Wallet and OKX NFT Marketplace. This makes OKX the first multi-chain platform to enable the viewing and transfer of Bitcoin ordinals. These are digital assets that are recorded on the smallest unit of Bitcoin, called Satoshi.
Bitcoin ordinals have recently gained popularity in the crypto world, reinvigorating the NFT market and providing relief to Bitcoin miners who were struggling during the bear market. Bitcoin ordinals were made possible by the 2021 upgrade to the Bitcoin protocol called “Taproot,” which enables a unique digital signature on Bitcoin.
OKX Introduces Bitcoin Ordinals on the Platforms
OKX, the second-largest crypto exchange in terms of trading volume, has announced an upgrade to its OKX Wallet and NFT Marketplace. The upgrade will allow users to view and transfer Bitcoin (BTC) ordinals on the platforms, making OKX the first multi-chain platform to support this feature. The OKX Wallet currently supports BTC taproot addresses on its browser extension, with support for mobile devices coming soon. With this integration, customers can import their BTC wallets and manage their Bitcoin ordinals using a single wallet.
According to OKX Chief Marketing Officer Haider Rafique, the integration of Bitcoin ordinals was a necessary move to welcome the ordinals community and provide an easy way for them to store, manage, and soon mint their ordinals within OKX's wallet services. The new feature will also allow more people to discover new possibilities on top of Bitcoin.
Bitcoin ordinals are digital assets inscribed on Satoshi, the smallest denomination of a Bitcoin. The launch of Bitcoin ordinals this year was a result of the 2021 Bitcoin protocol upgrade called Taproot, which enabled a unique digital signature on Bitcoin. The integration of Bitcoin ordinals on OKX Wallet and NFT Marketplace is expected to revive the NFT market and provide financial relief to Bitcoin miners during the bear market.
Following the launch of Bitcoin Punks NFTs on OKX NFT Marketplace last month, the platform now allows users to purchase ordinals with ETH. What's more, OKX plans to offer users the ability to mint and trade ordinals on its platform soon, providing a cost-effective and convenient way for users to create, buy, and sell these digital assets.
OKX's President and OKCoin's CEO, Hong Fang, recently shared the exciting news on Twitter, stating that OKX is bringing various Ordinals features to its OKX Wallet. Additionally, Fang commemorated the 12th anniversary of Satoshi Nakamoto's last message.
Looking for more information about cryptocurrencies？ WikiBIT offers you a one-stop service! Not only can you access numerous hot news topics, but you can also search for relevant trading firms and obtain their information, such as their ratings, user reviews, and whether they are regulated. Additionally, you can also use WikiBIT to keep up with the latest market trends of various digital currencies.
Don't hesitate any longer - download WikiBIT now and experience its features for yourself!
As a reminder, WikiBit is ready to help you search the qualifications and reputation of projects in a bid to protect you from hidden dangers in this risky industry!