Binance Launches Marketplace for Bitcoin Inscriptions and Their Equivalents

Binance has unveiled a trading platform for Bitcoin inscriptions, BRC-20 tokens, and similar assets within EVM networks.

Welcome to the #Binance Inscriptions Marketplace.

Your go-to place for all things BRC-20 and inscriptions, built into the #Binance Web3 Wallet.

Find out more ?

— Binance (@binance) February 1, 2024

The Binance Inscriptions Marketplace is integrated into the company’s non-custodial Web3 wallet.

According to the announcement, the solution offers a “simple and convenient way to trade and issue a wide range of inscription tokens.”

Binance noted that the new product utilizes the API of UniSat, a platform for assets based on the Ordinals protocol. This integration allows users to access deep liquidity and more than 60,000 tokens.

Excited to partner @Web3WithBinance on the launch of their #Inscriptions Marketplace

? Trade or inscribe over 60,000 #BRC-20 tokens
? Speed up your BRC-20 transactions with Binance BTC Transaction Accelerator
? Seamlessly purchase BTC on Binance exchange and start minting on… https://t.co/GUELxeNH0d

— UniSat Wallet — Store, Inscribe and Search. (@unisat_wallet) February 1, 2024

The company explained the addition of inscription support by citing the segment’s growth and potential.

“The market gained significant recognition when the BRC-20 ORDI token reached a capitalization of $1 billion in December. This demonstrates the considerable potential of such assets. Their adoption extends beyond Bitcoin: more than 200 million inscription tokens across various blockchains highlight their appeal,” the statement reads.

Earlier, OKX also explained its expansion of marketplace support for inscription standards due to the rapid development of their market.