OKX Plans to Add Support for Ordinals and BRC-20 Standard
Main page News, Bitcoin, Cryptocurrency Exchanges, NFT
Hot topic
May 17, 2023

Cryptocurrency exchange OKX intends to add over the next two weeks new features in a phased manner that will allow users to issue and exchange Ordinals and BRC-20 tokens using a wallet from the exchange.

The trading platform has previously announced the launch of a browser focused on the BRC-20 standard.

Subscribe to our Telegram channel to get daily short digests about events that shape the crypto world

Jason Lau, chief innovation officer at OKX, has said:

"Adding support for assets like this makes sense. This will be a key element of the user experience with Web3."

However, he has acknowledged the instability of the current hype around Ordinals and BRC-20 tokens. He has explained:

"There is a lot of work to be done to ensure that [growth] is sustained. One problem we are following is that there are some differences of opinion in the Bitcoin community: what this will eventually result in."

He has also talked about the Bitcoin fork:

"There are rumors about a fork in the Bitcoin network. Some people don't want that kind of activity. We are monitoring this and we believe these transactions [with BRC-20 and Ordinals] are legitimate. They comply with the rules and conditions of the network, and there is nothing wrong with them."

Read also:
Please describe the error