OKX Launches Support for Atomicals (ARC-20) on its Inscription Market, Expanding Range of Token Standards for Zero-Fee Trading

Written by CryptoCurrencyNews on March 15, 2024. Posted in Cryptocurrency.

SINGAPORE, March 14, 2024 /PRNewswire/ — OKX, a leading Web3 technology company, today added support for the Atomicals (ARC-20) Bitcoin inscription standard on its Inscription Market, formerly known as Ordinals Market. This addition offers users an enhanced range of options to create, buy and sell inscriptions across an expanding roster of token standards.

ARC-20, an emerging Bitcoin inscription standard, makes it possible to represent fungible token assets on the Bitcoin blockchain. This colored coin standard enables each satoshi (the smallest unit of Bitcoin) to represent token ownership units. Examples of ARC-20 inscriptions currently available for trading on OKX’s Inscription Market include top market cap tokens such as Atom and Quark, as well as popular collections like TOOTHY, Capybaras and many others.

The integration of ARC-20 into OKX’s Inscription Market follows the addition of ARC-20 and Stamps (SRC-20) support on OKX Wallet on March 5 and February 14, 2024, respectively, enabling users to view and transfer these innovative inscription standards. OKX Wallet also added viewing and transfer support for the Rune Alpha inscription standard on March 12. In the coming weeks, the OKX Wallet and Inscription Market will add support for Doginals (DRC-20), with the addition of Runes support to follow post-Bitcoin halving.

OKX Chief Innovation Officer Jason Lau said: “OKX is the best place to discover and trade Ordinals and Inscriptions. Our Inscription Market continues to improve by including support for leading protocols like Atomicals. And, there’s more to come with Doginals and Runes. We’ve developed and refined this feature based on users’ feedback and can’t wait to hear their thoughts.”

These enhancements position the OKX Marketplace as the industry’s leading one-stop marketplace, boasting zero-fee trading across a rapidly growing range of token standards. OKX Wallet’s inscription tool already supports inscription minting on 23 networks, including Bitcoin, Dogecoin, Ethereum, Polygon, BNB Chain, Avalanche-C, Arbitrum One and many others.

For further information, please contact:
Media@okx.com

About OKX

A leading global technology company driving the future of Web3, OKX provides a comprehensive suite of products to meet the needs of beginners and experts alike, including:

OKX Wallet: The world’s most powerful and versatile crypto wallet which gives users access to over 80 blockchains while allowing them to take custody of their own funds. The wallet includesMPC technology which allows users to easily recover access to their wallet independently, removing the need for traditional, ‘written down’ seed phrases. In addition, OKX Wallet’s account abstraction-poweredSmart Account enables users to pay for transactions on multiple blockchains using USDC or USDT, and interact with multiple contracts via a single transaction.
DEX: A multi-chain, cross-chain decentralized exchange aggregator of 400+ other DEXs and approximately 20 bridges, with 200,000+ coins and more than 20 blockchains supported.
NFT Marketplace: A multi-chain, zero-fee NFT marketplace that gives users access to NFT listings across seven top-tier marketplaces including OpenSea, MagicEden, LooksRare and Blur.
Web3 DeFi: A powerful DeFi platform that supports earning and staking on about 70 protocols across more than 10 chains.

OKX partners with a number of the world’s top brands and athletes, including English Premier League champions Manchester City F.C., McLaren Formula 1, The Tribeca Festival, Olympian Scotty James, and F1 driver Daniel Ricciardo.

As a leader building innovative technology products, OKX believes in challenging the status quo. The company recently launched a global brand campaign entitled, The System Needs a Rewrite, which advocates for a new paradigm led by Web3 self-managed technology.

To learn more about OKX, download our app or visit: okx.com

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