OKX brings “Bitcoin Ordinals” to its wallet and NFT Marketplace

by James · April 27, 2023

Crypto exchange OKX brings Bitcoin tokens to the OKX wallet and OKX NFT Marketplace, becoming the first multi-chain platform to enable the viewing and transfer of Bitcoin tokens. Bitcoin NFTs or Bitcoin Ordinals are digital assets inscribed in Satoshi, the lowest denomination of a Bitcoin.

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

OKX introduces Bitcoin Ordinals on its platforms

The second largest crypto exchange by trading volume OKX has upgraded its OKX Wallet and NFT Marketplace, allowing 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 supports BTC taproot addresses on the browser extension, with mobile version coming soon. Customers can import their BTC wallets and view their Bitcoin words through a single wallet, as opposed to managing separately via a Bitcoin-only wallet.

“We had to move quickly 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 tool and discover new opportunities on top of Bitcoin, OKX marketing manager said Haider Rafique.

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

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

Also read: Binance CEO “CZ” reacts to Bloomberg data on his wealth and FTX

OKX President and OKCoin CEO Hong Fang took to Twitter to share the exciting development. She revealed that OKX brings many Ordinals features to the OKX wallet. Hong Fang also said, “12 years ago today, Satoshi Nakamoto sent his last message.”

Varinder Singh

Varinder is a technical writer and editor, technology enthusiast and analytical thinker. Fascinated by Disruptive Technologies, he has shared his knowledge of Blockchain, Cryptocurrencies, Artificial Intelligence and the Internet of Things. He has been associated with the blockchain and cryptocurrency industry for a significant period of time and currently covers all the latest updates and developments in the crypto industry.