Binance Inscription Marketplace Boosts Web3 Access with ARC-20 Token Support

On April 3rd, Binance made an update: The Binance Inscription Marketplace now accepts ARC-20 tokens. ARC-20 is a type of fungible token created on the Atomicals Protocol, which is being developed on the Bitcoin blockchain. Notably, the Atomicals Market is currently the biggest platform for trading ARC-20 tokens.

Starting now, users can transfer and trade ARC-20 tokens on Binance’s Inscription marketplace. This addition makes Binance’s Inscription Marketplace one of the few platforms supporting a diverse range of inscription assets such as BRC-20, EVM, and the newly integrated ARC-20 tokens.

The extensive asset support is because of the incorporation of a significant feature enabling users to manually mark the Bitcoin Unspent Transaction Outputs (UTXOs). Also, the UXTO management on the Bitcoin blockchain network is possible because of the diverse nature of the several inscription protocols running on the Bitcoin blockchain. Speaking on the development, Binance Product Marketing Lead Sherrine Tan said:

At Binance, we’ve consistently aimed to equip our users with the necessary tools for maximizing the cryptocurrency market. By introducing ARC-20 token trading, we’re catering to our users’ demands, opening up a new world of opportunities. This step simplifies and secures the process, allowing users to delve deeper into the Atomicals Protocol and explore the vast potential of the inscriptions ecosystem.

About the Binance Inscriptions Marketplace

Inside the self-managed Binance Web3 Wallet, you’ll find the Binance Inscriptions Marketplace – an user-friendly and convenient space for buying, selling, and creating various inscription tokens. With the help of the BTC Transaction Speed-up, it delivers quicker Bitcoin transactions on the site.

Through the use of Atomicals Market’s API, Binance Inscriptions Marketplace grants users the ability to discover and interact with a wide range of ARC-20 tokens in conjunction with the Atomicals Protocol. This collaboration provides users with easy access to these tokens while they enjoy the advantages of the secure, user-friendly Binance Web3 Wallet.

For a brief time, Binance collaborates with Atomicals Market, waiving fees when trading ARC-20 tokens on Binance’s Inscriptions Marketplace. Note that this advantage is only effective during this promotion which lasts from April 3rd to June 2nd, 2024.

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2024-04-03 14:45