Binance Launches New Marketplace For Digital Assets On The BRC-20 Network

Binance launched a tageplace for digital assets on the bitcoin network. (Photo; Doc. Pilatus Today)

JAKARTA - Binance, one of the largest crypto exchanges in the world, announced the launch of the Binance Inscriptions Marketplace, a platform that allows users to buy, sell, and print inscription tokens. The thesis is a bitcoin network token that contains unique data such as text, images, or NFT in Satoshi, the smallest fraction of Bitcoin.

Binance Inscriptions Marketplace, which is integrated with Binance Web3 Wallet, makes it easier for users to transact with inscription tokens, including BRC-20 and Ethereum Virtual Machine (EVM)-based tokens. BRC-20 is a new token standard for Macroble tokens on the Bitcoin blockchain, which uses the Ordinary protocol to carve data on each satoshi, the smallest unit of Bitcoin.

The platform offers user-friendly interfaces and a variety of features that improve the decentralized web experience. One of its features is integration with UniSat, a popular marketplace for inscription and BRC-20, which provides more than 60,000 BRC-20 tokens for trading. Binance follows in the footsteps of other platforms like OKX which also supports this new Bitcoin token standard.

Binance Inscriptions Marketplace is the latest addition to the Binance Web3 Wallet, an independent crypto wallet launched in November 2023. Users can access this platform via Binance App by going to the Wallet tab, selecting Web3, and selecting the Discover feature.

The launch of this platform demonstrates Binance's commitment to remaining competitive in the growing crypto industry. Binance strives to provide a secure and pleasant experience for users when exploring a decentralized web. Binance Inscriptions Marketplace is expected to expand Binance's reach in a rapidly growing market for token inscriptions.