{"id":161058,"date":"2024-02-01T11:29:10","date_gmt":"2024-02-01T11:29:10","guid":{"rendered":"https:\/\/crypto-economy.com\/?p=161058"},"modified":"2024-02-01T11:29:58","modified_gmt":"2024-02-01T11:29:58","slug":"binance-introduces-new-inscription-marketplace-to-rival-okx-you-can-now-mint-brc-20-tokens","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/binance-introduces-new-inscription-marketplace-to-rival-okx-you-can-now-mint-brc-20-tokens\/","title":{"rendered":"Binance Introduces New Inscription Marketplace to Rival OKX: You Can Now Mint BRC-20 Tokens"},"content":{"rendered":"<p style=\"text-align: justify\">TL;DR<\/p>\n<ul style=\"text-align: justify\">\n<li>Binance will launch its &#8220;Inscriptions Marketplace,&#8221; a comprehensive platform for<strong> selling and creating inscription tokens<\/strong>.<\/li>\n<li>It will collaborate with UniSat in the process of creating <strong>BRC-20 and EVM tokens<\/strong>.<\/li>\n<li>The platform emerges, in part, <strong>to counter similar initiatives from OKX<\/strong>.<br \/>\n<hr \/>\n<\/li>\n<\/ul>\n<p style=\"text-align: justify\"><strong><a href=\"https:\/\/crypto-economy.com\/binance-exchange-review-complete-guide\/\" target=\"_blank\" rel=\"noopener\">Binance<\/a> made a significant announcement for the crypto industry. It is gearing up to launch its new <a href=\"https:\/\/www.binance.com\/en\/blog\/markets\/binance-inscriptions-marketplace-trade-mint-brc20-and-evm-tokens-in-your-web3-wallet-3851294983628323395?ref=AZTKZ9XS\" target=\"_blank\" rel=\"noopener\">platform<\/a>, the &#8220;Binance Inscriptions Marketplace.&#8221;<\/strong> This strategic project arises as a direct response to the recent initiatives of its main competitor, OKX, which introduced similar features last week.<!--more--><\/p>\n<p style=\"text-align: justify\">The essence of this new platform lies in its ability<strong> to allow users to buy, sell, and create inscription tokens<\/strong>. This process is efficiently carried out <strong>within a self-custody crypto wallet<\/strong>, integrated directly into the exchange&#8217;s app. Users can now explore and engage in the trading of various tokens, <strong>including BRC-20, EVM<\/strong>, <strong>and other inscription tokens<\/strong>.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Welcome to the <a href=\"https:\/\/twitter.com\/hashtag\/Binance?src=hash&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">#Binance<\/a> Inscriptions Marketplace.<\/p>\n<p>Your go-to place for all things BRC-20 and inscriptions, built into the <a href=\"https:\/\/twitter.com\/hashtag\/Binance?src=hash&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">#Binance<\/a> Web3 Wallet.<\/p>\n<p>Find out more \ud83d\udc47<\/p>\n<p>&mdash; Binance (@binance) <a href=\"https:\/\/twitter.com\/binance\/status\/1752980103875932195?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">February 1, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p style=\"text-align: justify\">What will make this Marketplace stand out is its comprehensive approach. In addition to facilitating inscription trading, the platform <strong>provides users with the ability to create<a href=\"https:\/\/crypto-economy.com\/brc-20-tokens\/\" target=\"_blank\" rel=\"noopener\"> BRC-20<\/a> and EVM tokens<\/strong>. This additional functionality not only expands options for users but also<strong> aims to reduce costs associated with transactions<\/strong> in the crypto industry.<\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone size-full wp-image-70691\" src=\"https:\/\/crypto-economy.com\/es\/\/wp-content\/uploads\/sites\/4\/2023\/10\/Binance-Crypto-Exchange-1.jpg\" alt=\"binance\" width=\"825\" height=\"300\" \/><\/p>\n<h2>Binance Aims to Gain Hierarchy in the BRC-20 Token Market<\/h2>\n<p style=\"text-align: justify\">The launch of this platform comes at a strategic moment, driven by the recent record achieved by the <strong>BRC-20 token ORDI, reaching an impressive market capitalization of $1 billion<\/strong>. This achievement, coupled with the presence of over 200 million inscriptions across various blockchains, supports Binance&#8217;s perspective that its entry into this space is timely and beneficial for its users.<\/p>\n<p style=\"text-align: justify\">Another crucial aspect of the Binance Inscriptions Marketplace is its collaboration with UniSat. By adopting the UniSat API, the platform enables users <strong>to access liquidity provided by UniSat and explore a wide variety of offerings, including more than 60,000 BRC-20 tokens<\/strong>. This strategic partnership strengthens the exchange&#8217;s position in the market and expands opportunities for platform users.<\/p>\n<p style=\"text-align: justify\">As mentioned earlier, this announcement closely <strong>follows OKX&#8217;s initiative to enable inscription standards like Doginals, Atomicals, Stamps, and Runes<\/strong>. The active competition between these platforms indicates the growing importance and adoption of inscription tokens in the crypto ecosystem.<\/p>\n<p style=\"text-align: justify\">The exchange&#8217;s new platform comes to compete for a hierarchical position. It will not only facilitate inscription trading but also offer users the ability to create tokens, all within a user-friendly and accessible interface. Binance demonstrates its commitment to evolution, development, and the benefit of its users.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>TL;DR Binance will launch its &#8220;Inscriptions Marketplace,&#8221; a comprehensive platform for selling and creating inscription tokens. It will collaborate with UniSat in the process of creating BRC-20 and EVM tokens. The platform emerges, in part, to counter similar initiatives from OKX. Binance made a significant announcement for the crypto industry. It is gearing up to &#8230; <\/p>\n<p class=\"read-more-container\"><a title=\"Binance Introduces New Inscription Marketplace to Rival OKX: You Can Now Mint BRC-20 Tokens\" class=\"read-more button\" href=\"https:\/\/crypto-economy.com\/binance-introduces-new-inscription-marketplace-to-rival-okx-you-can-now-mint-brc-20-tokens\/#more-161058\" aria-label=\"More on Binance Introduces New Inscription Marketplace to Rival OKX: You Can Now Mint BRC-20 Tokens\">Read more<\/a><\/p>\n","protected":false},"author":34,"featured_media":161061,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9882,84,74],"tags":[4601,9755,9826,5026],"_links":{"self":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/161058"}],"collection":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/users\/34"}],"replies":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/comments?post=161058"}],"version-history":[{"count":2,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/161058\/revisions"}],"predecessor-version":[{"id":161063,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/161058\/revisions\/161063"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media\/161061"}],"wp:attachment":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media?parent=161058"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/categories?post=161058"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/tags?post=161058"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}