Breaking: OKX Brings “Bitcoin Ordinals” To Its Wallet and NFT Marketplace

OKX brings Bitcoin ordinals to the OKX Wallet and the OKX NFT Marketplace, becoming the first multi-chain platform to do so.
By Varinder Singh
OKX Brings "Bitcoin Ordinals" To Its Wallet and NFT Marketplace

Crypto exchange OKX is bringing Bitcoin ordinals to the OKX Wallet and the OKX NFT Marketplace, becoming the first multi-chain platform to enable the viewing and transferring of Bitcoin ordinals. The Bitcoin NFTs or Bitcoin ordinals are digital assets inscribed on Satoshi, the lowest denomination of a Bitcoin.

Bitcoin ordinals took the crypto world by storm, reviving the NFT market and Bitcoin miners from the financial crunch in the bear market. Bitcoin Ordinals was launched this year as a result of the 2021 Bitcoin protocol upgrade “Taproot” to allow a unique digital signature on Bitcoin.

Advertisement
Advertisement

OKX Introduces Bitcoin Ordinals on the Platforms

The second-largest crypto exchange by trading volume OKX has upgraded its OKX Wallet and NFT Marketplace, enabling users to view and transfer Bitcoin (BTC) ordinals on the platforms.

With the Bitcoin ordinals integration, OKX became the first multi-chain platform to support this capability. OKX Wallet now currently supports BTC taproot addresses on the browser extension, with mobile version coming soon. Customers can import their BTC wallets and view their Bitcoin ordinals through a single wallet, in contrast to managing separately via a Bitcoin-only wallet.

“We had to move fast to welcome the ordinals community and give them an easy way to store, manage, and soon mint ordinals within our wallet services. I hope this integration helps bring more people in to play with this new utility and discover new possibilities on top of Bitcoin,” said OKX chief marketing officer Haider Rafique.

The development follows the Bitcoin Punks NFTs launch on OKX NFT Marketplace last month. OKX enabled users to buy ordinals with ETH.

Interstingly, the OKX NFT Marketplace will soon allow its users to mint and trade Ordinals on its platform. It will enable users to create, buy, and sell Ordinals cheaply and more easily.

Also Read: Binance CEO “CZ” Reacts To Bloomberg’s Data On His Wealth and FTX

OKX President and OKCoin CEO Hong Fang took to Twitter to share the exciting developments. She revealed that OKX is bringing many Ordinals features to the OKX Wallet. Hong Fang also said, “12 years ago today, Satoshi Nakamoto sent their last message.”

Advertisement
Varinder Singh
Varinder has over 10 years of experience and is known as a seasoned leader for his involvement in the fintech sector. With over 5 years dedicated to blockchain, crypto, and Web3 developments, he has experienced two Bitcoin halving events making him key opinion leader in the space. At CoinGape Media, Varinder leads the editorial decisions, spearheading the news team to cover latest updates, markets trends and developments within the crypto industry. The company was recognized as Best Crypto Media Company 2024 for high impact and quality reporting. Being a Master of Technology degree holder, analytics thinker, technology enthusiast, Varinder has shared his knowledge of disruptive technologies in over 5000+ news, articles, and papers.
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.