{"id":323739,"date":"2023-05-09T18:43:27","date_gmt":"2023-05-09T17:43:27","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=323739"},"modified":"2023-08-04T15:21:35","modified_gmt":"2023-08-04T14:21:35","slug":"binance-nft-marketplace-to-support-bitcoin-ordinals","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/binance-nft-marketplace-to-support-bitcoin-ordinals\/","title":{"rendered":"Binance&#8217;s NFT marketplace to support Bitcoin Ordinals"},"content":{"rendered":"<p>Crypto exchange Binance said its marketplace would enable support for Bitcoin (<a href=\"https:\/\/cryptoslate.com\/coins\/bitcoin\/\">BTC<\/a>) Ordinals.<\/p>\n<p>In a May 8 statement, Binance said it was enabling support for Bitcoin NFTs to elevate its marketplace to a multi-chain, open marketplace ecosystem, where users can explore and trade a variety of NFTs across multiple blockchains from their accounts.<\/p>\n<blockquote><p>&#8220;Binance NFT believes Bitcoin's innovative technology and cultural significance represent an exciting new horizon, offering unique opportunities for NFT creation.&#8221;<\/p><\/blockquote>\n<p>The support would enable the exchange users to trade these NFTs directly from their accounts while enjoying its platform's security and stability.<\/p>\n<p>Binance <a href=\"https:\/\/www.binance.com\/en\/blog\/nft\/binance-nft-marketplace-to-support-bitcoin-nfts-4250480174684233711?ref=AZTKZ9XS&utm_source=BinanceTwitter&utm_medium=GlobalSocial&utm_campaign=GlobalSocial\">said<\/a> it would offer Bitcoin NFT creators royalties when their assets are bought and sold on its platform.<\/p>\n<h2>Bitcoin Ordinal Inscriptions cross 5 million<\/h2>\n<p>The number of Bitcoin NFTs spiked above 5 million after a recent surge in activity mainly consisting of text-based assets, data from <a href=\"https:\/\/dune.com\/dgtl_assets\/bitcoin-ordinals-analysis\">Dune analytics show<\/a>.<\/p>\n<p><em>CryptoSlate<\/em> Insight <a href=\"https:\/\/cryptoslate.com\/insights\/bitcoin-inscriptions-nearing-5m-miners-future-earnings-amid-economic-uncertainty\/\">reported<\/a> that these Inscriptions had generated a cumulative fee of 904 Bitcoin, benefiting BTC miners. As of press time, this has risen to 1,019 BTC ($27.64 million), according to Dune analytics <a href=\"https:\/\/dune.com\/dgtl_assets\/bitcoin-ordinals-analysis\">data<\/a>.<\/p>\n<figure id=\"attachment_323790\" aria-describedby=\"caption-attachment-323790\" style=\"width: 903px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-323790\" src=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2023\/05\/Screenshot-2023-05-09-175417.jpg\" alt=\"Bitcoin Ordinals\" width=\"903\" height=\"564\" srcset=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2023\/05\/Screenshot-2023-05-09-175417.jpg 903w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2023\/05\/Screenshot-2023-05-09-175417-300x187.jpg 300w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2023\/05\/Screenshot-2023-05-09-175417-768x480.jpg 768w\" sizes=\"(max-width: 903px) 100vw, 903px\" \/><figcaption id=\"caption-attachment-323790\" class=\"wp-caption-text\">Source: Dune Analytics<\/figcaption><\/figure>\n<p>The increase has followed the introduction of the Bitcoin Request for Comment (BRC-20) token standard, which allows users to transferable assets directly through the blockchain network.<\/p>\n<p>In the last 24 hours, there were 241,880 unique inscriptions on Bitcoin, of which 193,349 were text-based. There were less than 500 inscriptions of images, applications, and tokens during the period.<\/p>\n<p>According to the\u00a0brc-20.io\u00a0<a href=\"https:\/\/brc-20.io\/\">website<\/a>, BRC-20 tokens have a total market cap of over $1 billion \u2014 with the top token being Ordi, valued at $471.47 million.<\/p>\n<p>Meanwhile, the BRC-20 tokens have a cumulative volume of over $207 million during the last 24 hours.<\/p>\n<p>The current BTC NFTs drive has <a href=\"https:\/\/cryptoslate.com\/bitcoin-transaction-fees-surge-to-24-month-high-amid-brc-20-memecoin-mania\/\">pushed<\/a> the average network fees to $30.91 \u2014 a level not seen since April 2021.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Crypto exchange Binance said its marketplace would enable support for Bitcoin (BTC) Ordinals. In a May 8 statement, Binance said it was enabling support for Bitcoin NFTs to elevate its marketplace to a multi-chain, open marketplace ecosystem, where users can explore and trade a variety of NFTs across multiple blockchains from their accounts. &#8220;Binance NFT [&hellip;]<\/p>\n","protected":false},"author":720,"featured_media":323802,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[39,76232,78756],"tags":[78415,76769,76956],"post_folder":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.9 (Yoast SEO v21.9.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Binance&#039;s NFT marketplace to support Bitcoin Ordinals<\/title>\n<meta name=\"description\" content=\"The total number of Bitcoin NFTs spiked above 5 million earlier today after a recent surge in activity, according to Dune analytics data.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/binance-nft-marketplace-to-support-bitcoin-ordinals\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Binance&#039;s NFT marketplace to support Bitcoin Ordinals\" \/>\n<meta property=\"og:description\" content=\"The total number of Bitcoin NFTs spiked above 5 million earlier today after a recent surge in activity, according to Dune analytics data.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptoslate.com\/binance-nft-marketplace-to-support-bitcoin-ordinals\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoSlate\" \/>\n<meta property=\"article:published_time\" content=\"2023-05-09T17:43:27+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-08-04T14:21:35+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2023\/05\/bitcoin-ordinals.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Oluwapelumi Adejumo\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:site\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Oluwapelumi Adejumo\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/cryptoslate.com\/binance-nft-marketplace-to-support-bitcoin-ordinals\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cryptoslate.com\/binance-nft-marketplace-to-support-bitcoin-ordinals\/\"},\"author\":{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/#person\",\"name\":\"Oluwapelumi Adejumo\",\"url\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/\"},\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/#authorimage\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2025\/12\/profile-photo-oluwapelumi-adejumo-300x300.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2025\/12\/profile-photo-oluwapelumi-adejumo-300x300.jpg\",\"caption\":\"Oluwapelumi Adejumo\"},\"jobTitle\":\"Senior Reporter\",\"description\":\"Oluwapelumi values Bitcoin's potential. 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