OKX Maintains Support Of Bitcoin Ordinals, Lists Major BRC-20 Token

Prominent cryptocurrency exchange OKX is gaining attention for its commitment to Bitcoin Ordinals and BRC-20 tokens in recent times. In its latest show of support, the Seychelles-based company and world’s second-largest crypto exchange by trading volume just announced the listing of a major BRC-20 token driving much excitement across the entire Bitcoin community.

OKX Lists Premier BRC-20 Token ORDI

Through a press release on Friday, May 20, OKX announced its platform is one of the first exchanges to list the premier and biggest BRC-20 token, ORDI.

Originally launched as a meme coin in March, ORDI has maintained its position as the most successful BRC-20 project with an impressive market cap of over $272 million, according to data by CoinMarketCap.

According to its press statement, OKX believes its move to list the ORDI token represents a “significant milestone for the Bitcoin community” as trading on a centralized platform – especially one as prominent as this – allows investors to avoid issues associated with decentralized exchanges (DEXs) such as high network fees, slow transaction speed, slippage, etc.

In addition, one could say that OKX’s listing of ORDI brings more credibility to the Ordinal theory and BRC-20 token standard as a whole, which is much needed as this initiative is still in its early stages of operations.

At the time of writing, ORDI is valued at $12.87, with a 0.5% decline in the last hour. That said, other popular exchanges that have listed ORDI in recent times include Gate.io, Bitget, etc

ORDI Trading At $12.8594 | Source: ORDIUSD Chart on Tradingview.com

OKX Remains Vocal In Support Of BRC-20 Tokens

Practically inspired by the ERC-20 token standard, BRC-20 tokens are fungible tokens built and deployed on the Bitcoin blockchain using the Ordinals protocol.

Although they are regarded as an experiment,

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Author: Semilore Faleti

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