Binance Inscription Marketplace Enables ARC-20 Token Support
Binance Inscription Marketplace has added support for ARC-20, a fungible token standard built on the Atomicals Protocol.
The platform, accessible via the Binance Web3 Wallet, allows users to buy, sell, and mint various inscription tokens, including BRC-20 and EVM.
The marketplace is powered by BTC Transaction Accelerator, facilitating faster Bitcoin transactions on the platform.
Binance Product Marketing Lead Sherrine Tan stated that the move reflects the company’s priority to provide Web3 users with the tools and capabilities they need to tap the full potential of the crypto landscape. Binance partnered with Atomicals Market to offer trading of ARC-20s with zero service fee exclusively on its inscription marketplace for two months from April 3 to June 2, 2024.
Additionally, Binance enabled support for the BTC Taproot address on its Web3 wallet, allowing users to choose between Taproot or Native SegWit and create or import existing BTC wallets to view their assets.
(With inputs from Shikha Singh)
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