Binance is pleased to announce that the Binance Inscription Marketplace now accepts ARC-20 tokens. ARC-20 is a fungible token standard based on the developing Atomicals Protocol on Bitcoin. Binance is a trusted global blockchain ecosystem with over 185 million users globally. In addition to the many functionalities that are currently accessible on the platform, users may now trade and transfer ARC-20 tokens on the Binance Inscription Marketplace.
With this most recent development, the Binance Inscription Marketplace joins the exclusive group of platforms that facilitate the most variety of inscription assets, such as BRC-20, EVM, and the recently added ARC-20 tokens.
Binance Product Marketing Lead Sherrine Tan stated:
“At Binance, our top priority has always been to provide our users with the tools and capabilities they need to harness the full potential of the cryptocurrency landscape. Our decision to support ARC-20 tokens trading is a direct response to our users’ interests. This move unlocks a realm of opportunities, giving users an easy, seamless and secure way to explore the Atomicals Protocol and the vast possibilities of the inscriptions ecosystem.”
The availability of a significant new feature that enables users to manually label Bitcoin Unspent Transaction Outputs (UTXOs) makes such broad asset support feasible. UTXO management is important because of the diversity of inscription protocols on the Bitcoin network. Users are free to choose which conflicting asset they would want to use. In short, this feature makes the user experience better by providing consumers with a wide range of assets to choose from and allowing them to utilize those assets without having to worry about the underlying technological details.
A user-friendly and easily accessible platform for the purchasing, selling, and minting of inscription tokens, the Binance Inscriptions Marketplace is housed inside the Binance Web3 Wallet, a self-custody crypto wallet accessible via the Binance app.
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