Binance Expands Inscription Marketplace with ARC-20 Token Support and Beyond

Binance Expands Inscription Marketplace with ARC-20 Token Support and Beyond
Binance Expands Inscription Marketplace with ARC-20 Token Support and Beyond

Binance Enhances Inscription Marketplace with ARC-20 Token Support

Binance, a leading cryptocurrency exchange, has integrated Atomicals (ARC-20) tokens into its Inscription Marketplace. This expansion broadens the marketplace's reach, which already supports BRC-20 and EVM tokens.

ARC-20 tokens, built on the Atomicals Protocol on Bitcoin, represent a new standard for fungible tokens. Binance users can now trade and transfer ARC-20 tokens on the Inscription Marketplace, leveraging the platform's robust features and user-friendly interface.

Simplified Investment through UTXO Marking

To streamline user experience, Binance has introduced a feature that allows manual marking of Bitcoin Unspent Transaction Outputs (UTXOs). This enables users to focus on their investment choices without grappling with technical complexities.

Integrated Web3 Wallet and Taproot Address Support

The Binance Inscription Marketplace is hosted within the Binance Web3 Wallet, a self-custody wallet integrated into the Binance app. This development is further enhanced by support for BTC Taproot addresses, providing users with the flexibility to choose between Taproot or Native SegWit addresses for Bitcoin transactions.

Partnership with Atomicals Market

Binance's partnership with Atomicals Market, the leading ARC-20 token marketplace, marks a significant step forward in making ARC-20 tokens accessible to the crypto community. It opens up new opportunities for both Atomicals Market and Binance users.

Free Trading Incentive

To celebrate the launch of ARC-20 token trading, Binance is offering zero trading fees for these tokens on the Inscription Marketplace from April 3 to June 2, 2024. This incentive aims to encourage users to explore ARC-20 tokens and contribute to the Binance ecosystem.

Binance's integration of ARC-20 tokens demonstrates its commitment to innovation and responsiveness to user needs. By providing a seamless trading experience for ARC-20 tokens, Binance remains at the forefront of crypto market trends.

newsid: rk11mrdvucq32xe

Related stories
3 hours ago - Large crypto whales withdraw significant amounts of Ethereum from exchanges, potentially indicating market movement.
4 hours ago - Binance executive Nadeem Anjarwalla has been arrested in Kenya and faces extradition to Nigeria for his role in a crypto investigation.
8 hours ago - Despite market volatility, BNB and DOT investors are drawn to Kelexo's (KLXO) innovative lending platform for its low fees, swift funding, and growth potential.
19 hours ago - Crypto strategist Altcoin Sherpa p
1 day ago - A crypto whale has amassed $4.29 million in dog-themed altcoin PUPS, becoming its largest holder on the Solana blockchain.
Other stories
2 minutes ago - Bitcoin miners' fee revenue surpassed block rewards for the first time due to the surge in Rune mints, highlighting the potential profitability of Bitcoin mining amid high fees.
8 minutes ago - Following the Bitcoin halving, some altcoins, including Shiba Inu, XRP, and Solana, show signs of recovery.
18 minutes ago - Bitcoin transaction fees have dropped significantly since reaching an all-time high due to the launch of Runes.
21 minutes ago - Dogecoin's descending triangle pattern indicates potential for a rally to $1, resembling previous bullish patterns.
47 minutes ago - The Algorand Foundation joins the Advisory Board of APPGBlock to promote blockchain technology and shape UK policy in the blockchain and crypto asset industry.