'We see the potential of Bitcoin to expand its use cases into areas previously dominated by Ethereum,' the executive at Okx said.
Okx is embracing the Ordinals trend with open arms. The crypto firm further detailed that it is rolling out the Okx Wallet’s features in phases. As of now, users can view and transfer Ordinal inscriptions, and later this week, they’ll be able to trade BRC20 tokens. By the end of May, the wallet will enable users to issue their own Ordinal inscriptions and BRC20s. And by June, Okx is promising to take things up a notch by allowing users to trade Ordinal inscriptions.
“Okx has always believed in the power of Bitcoin to revolutionize global markets and bring us closer to a truly decentralized system,” Jason Lau, the chief innovation officer at Okx, said. “We are embracing Ordinals and BRC-20, despite early criticisms about their impact on transaction costs, because we see the potential of Bitcoin to expand its use cases into areas previously dominated by Ethereum-based applications,” Lau added.
The firm will be joining the ranks of several other Ordinals market players, including Open Ordex, Ordinals Market, Ordswap, Ordinals Wallet, Gamma, Magic Eden, and Unisat. Together, these markets boast 59,954 unique traders and have facilitated over $123 million in Ordinal inscription swaps settled in both bitcoin and ethereum.
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