NFT

OKX Wallet Becomes First Platform Allow Users To Transfer Bitcoin Ordinals

Key Points:

OKX is integrating Bitcoin ordinals into the OKX Wallet and the OKX NFT Marketplace, making it the first multi-chain platform to support the viewing and transfer of Bitcoin ordinals.
OKX Wallet’s browser extension now supports Bitcoin taproot addresses, with a mobile version on the way.

OKX, the second-largest cryptocurrency exchange by trading volume and a pioneering Web3 technology business, has improved its OKX Wallet and NFT Marketplace to enable users to see and trade Bitcoin (BTC) ordinals, becoming OKX the first multi-chain platform to do so.

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Bitcoin NFTs, sometimes known as Bitcoin ordinals, are digital assets based on Satoshi, Bitcoin’s lowest denomination. Bitcoin ordinals swept the crypto globe, resurrecting the NFT sector and rescuing Bitcoin miners from the financial abyss of the bear market. Bitcoin Ordinals was introduced this year as part of the 2021 Bitcoin protocol update “taproot,” which allows for a unique digital signature on Bitcoin.

OKX Wallet now supports BTC taproot addresses in the browser extension and will soon be available on mobile, allowing access to ordinal features. OKX customers may now easily import their BTC wallets and see their Bitcoin ordinals via a single powerful and multi-chain wallet rather than managing them individually through a Bitcoin-only wallet.

Haider Rafique, Chief Marketing Officer of OKX, stated:

“Ordinals is an exciting development in the Bitcoin ecosystem. The OKX Wallet is designed to be the most interoperable and easy to use all-in-one crypto wallet. This meant 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.”

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OKX became the first multi-chain platform to offer Bitcoin ordinals with this integration. This news followed the March 7 debut of Bitcoin Punks NFTs on the OKX NFT Marketplace, which allowed customers to purchase ordinals using ETH. The OKX NFT Marketplace will soon provide mint and trade features for ordinals, allowing users to produce, purchase, and sell ordinals on the platform.

The first Bitcoin Ordinals were listed on OKX NFT Marketplace last month. Surprisingly, the Marketplace’s users will soon be able to mint and exchange Ordinals on its platform. It will make it easier and cheaper for users to produce, purchase, and sell Orders.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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Harold

Coincu News

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.