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.

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.

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Varinder is a Technical Writer and Editor, Technology Enthusiast, and Analytical Thinker. Fascinated by Disruptive Technologies, he has shared his knowledge about Blockchain, Cryptocurrencies, Artificial Intelligence, and the Internet of Things. He has been associated with the blockchain and cryptocurrency industry for a substantial period and is currently covering all the latest updates and developments in the crypto industry.

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