OKX exchange announces listing ORDI on spot trading markets - Investor Bites

OKX exchange announces listing ORDI on spot trading markets – Investor Bites

Time Stamp: May 20, 2023 5:58 AM
OKX exchange announces listing ORDI on spot trading markets - Investor Bites PlatoBlockchain Data Intelligence. Vertical Search. Ai.

SNEAK PEEK

  • Popular cryptocurrency exchange OKX has listed $ORDI.
  • The move will eliminate high network fees and support quick transactions.
  • BRC-20 tokens wallet and marketplace will be released next week in Web3 wallet.

Crypto exchange OKX announced that it will list ORDI on their spot trading markets. According to details provided, ORDI deposits and withdrawals will open today, i.e. May 20 at 07:00 am UTC. After the ORDI token deposit meets the eligibility criteria, the exchange will proceed towards listing ORDI/USDT spot trading.

The total bitcoins are 21 million and each one can be subdivided into 100 million satoshi. In total, there are 2100 trillion satoshi. 

Inscription is developed by writing content to satoshi by utilizing the Ordinals protocol. It doesn’t require the usage of an individual token, change Bitcoin or side chain. 

The Ordinals protocol writes details to each satoshi like video, audio, text, pictures and more. The reason behind the key information for inscribing being only pictures and text, as token and NFT, is nothing but Bitcoin block’s size limit. 

The total supply of Ordinals at the moment is 21,000,000 with the circulating supply being the same. 

As per the recent update from OKX, $ORDI is now listed on OKX. From now onwards, users are free from paying high network fees and can get hands on smooth withdrawals along with quick  transactions.

OKX has shared not having details about the integration of Lightning for $ORDI. Users have been asked to stick to the official announcements for updates about the same.

On May 16, OKX announced launching Ordinals Marketplace on OKX Wallet; thus, enabling users to both mint and trade BRC-20 tokens and Bitcoin Ordinals. The launch represents the exchange’s consistent support for the Bitcoin space. Furthermore, the move will establish the OKX Wallet as the one and only multichain wallet that will enable minting and trading BRC-20 tokens, Ordinals and non-fungible tokens on more than 60 blockchains through a single solution. 

OKX also disclosed a collaboration with the open-source Bitcoin wallet UniSat to create a cross-verification mechanism BRC-20 transactions registered on the BTC network. The partnership will improve the safety and transparency related to BRC-20 transactions, which will make users develop more trust and confidence in the platform.

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