Bitget introduces the BRC20 zone and lists Ordinals (ORDI).
The leading derivatives and copy trading platform, Bitget, has announced plans to add further attractive BRC-20 tokens to its platform as well as the listing of the ORDI token in the recently established BRC-20 zone. A new round of Launchpad including Bitcoin Improvement Proposals 1 (BIP1), another BRC-20 token, has been introduced by Bitget in addition to ORDI to promote the ongoing development of the Bitcoin ecosystem.
One of the newest trends in the market is the BRC-20 standard, a new fungible token created for the Bitcoin network. The crypto industry will undergo a transformation thanks to this new token standard. BRC-20, a Bitcoin coin based on the Ordinals protocol, enables users to add various types of data to each Satoshi, including text, images, audio, and video. Despite the Bitcoin block size constraint, the protocol intends to encrypt information primarily as NFTs and tokens on the BTC chain. Users will be able to build and manage more effective and secure blockchain-based assets thanks to the advent of BRC-20 and Ordinals.
Gracy Chen, Managing Director of Bitget, said:
"Bitget is excited to list ORDI and be among the first exchanges to offer BRC-20 tokens to our users. We believe in the potential of this token standard to enhance the functionality of the Bitcoin blockchain and provide more truly decentralized opportunities for the crypto community. Bitget is committed to supporting the BRC-20 ecosystem in the long run and is thrilled to be a part of this innovative development."
The total market worth of BRC-20 tokens has already topped $1 billion since its inception just two months ago, demonstrating the demand for this ground-breaking standard. On May 10, 2023, at 12 PM UTC, the ORDI deposit service launched. Trading followed shortly after. Users of Bitget can now trade and conduct transactions using BRC-20 tokens, and futures trading and other features will be available soon. Bitget strives to provide its users with a flawless trading experience and is constantly developing and introducing new features to its platform. There are more exciting advancements to come from Bitget, including the introduction of the BRC-20 token.