How can I trade Bitcoin ordinals on Binance?

To trade Bitcoin ordinals on Binance, you need to have an existing Binance account. Once the update is implemented in late May, you can buy and sell Bitcoin ordinals directly through the Binance NFT marketplace. Ensure your account is verified and funded to start trading as soon as the feature goes live.

What benefits do creators get from Bitcoin ordinals on Binance?

Creators of Bitcoin ordinals on Binance will benefit from royalty support, which allows them to earn a percentage of sales whenever their NFTs are resold. Additionally, the platform will provide extra revenue-generating opportunities, making it more attractive for artists and developers to create and market their digital assets.

Are there other platforms supporting Bitcoin ordinals?

Yes, besides Binance, other platforms like OKX and Magic Eden are also supporting Bitcoin ordinals. OKX allows users to view and save ordinals within their accounts, while Magic Eden integrated this feature earlier in March. This growing support across multiple marketplaces enhances accessibility for users interested in Bitcoin NFTs.

Why are Bitcoin ordinals controversial?

Bitcoin ordinals have sparked controversy within the crypto community, particularly among Bitcoin maximalists. Critics argue that these NFTs deviate from Bitcoin's original purpose as a peer-to-peer electronic cash system. The introduction of ordinals is seen by some as a shift away from Bitcoin's foundational ethos, leading to debates about its future direction.

What is the current status of Bitcoin ordinal inscriptions?

As of May 1, the total number of Bitcoin ordinal inscriptions has exceeded 3 million, marking a significant increase in interest and activity. This surge reflects a growing trend in the NFT space on the Bitcoin network, with engravings rising sharply in recent months, indicating a vibrant market for these digital assets.

How can I trade Bitcoin ordinals on Binance?

To trade Bitcoin ordinals on Binance, you need to have an existing Binance account. Once the update is implemented in late May, you can buy and sell Bitcoin ordinals directly through the Binance NFT marketplace. Ensure your account is verified and funded to start trading as soon as the feature goes live.

What benefits do creators get from Bitcoin ordinals on Binance?

Creators of Bitcoin ordinals on Binance will benefit from royalty support, which allows them to earn a percentage of sales whenever their NFTs are resold. Additionally, the platform will provide extra revenue-generating opportunities, making it more attractive for artists and developers to create and market their digital assets.

Are there other platforms supporting Bitcoin ordinals?

Yes, besides Binance, other platforms like OKX and Magic Eden are also supporting Bitcoin ordinals. OKX allows users to view and save ordinals within their accounts, while Magic Eden integrated this feature earlier in March. This growing support across multiple marketplaces enhances accessibility for users interested in Bitcoin NFTs.

Why are Bitcoin ordinals controversial?

Bitcoin ordinals have sparked controversy within the crypto community, particularly among Bitcoin maximalists. Critics argue that these NFTs deviate from Bitcoin's original purpose as a peer-to-peer electronic cash system. The introduction of ordinals is seen by some as a shift away from Bitcoin's foundational ethos, leading to debates about its future direction.

What is the current status of Bitcoin ordinal inscriptions?

As of May 1, the total number of Bitcoin ordinal inscriptions has exceeded 3 million, marking a significant increase in interest and activity. This surge reflects a growing trend in the NFT space on the Bitcoin network, with engravings rising sharply in recent months, indicating a vibrant market for these digital assets.

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Bitcoin ordinals hit Binance NFT Marketplace in latest update

August 11, 2025August 11, 2025

Bitcoin ordinals — likewise called Bitcoin NFTs– have actually made their way into the limelight of the Web3 space, as more marketplaces continue to adopt and use digital properties. On May 9, the cryptocurrency exchange Binance revealed that it will support Bitcoin ordinals on its NFT market in late May. The development will broaden Binances multichain NFT community to include the Bitcoin network. Previously the Binance NFT market integrated with other decentralized networks, consisting of BNB Chain, Ethereum and Polygon. Mayur Kamat, the head of item at Binance, commented on widening the offerings in the market and Bitcoins (BTC) crypto legacy: “Bitcoin is the OG of crypto.” The upgrade allows Binance users to trade and buy Bitcoin ordinals from existing Binance accounts. According to the statement, the update will also consist of royalty support and “extra revenue creating chances” for those creating Bitcoin ordinals.Related: Bitcoin metrics to the moon: ATH for hash rate, everyday transactions and OrdinalsPrior to Binances statement, the cryptocurrency exchange OKX likewise revealed in late April that it was bringing Bitcoin ordinals to its marketplace and wallet environment. OKX users could view and save ordinals using their accounts, with the option to mint ordinals being hinted at in the future, according to Haider Rafique, the chief marketing officer at OKX.The Bitcoin NFTs are also available on markets such as Magic Eden, which integrated the function back in March. Ordinals reach 3 million engravings. Source: DuneAccording to recent information, engravings of Bitcoin ordinals have actually been on the rise in current months. On April 2, Bitcoin ordinals reached 58,179 engravings– up 83.5% from the previous month. Nevertheless, on May 1, the overall number of Bitcoin ordinal inscriptions increased to go beyond 3 million. They remain a controversial topic within the crypto community, with Bitcoin maximalists criticizing them for deviating from Bitcoins initial peer-to-peer ethos.Magazine: ZK-rollups are the endgame for scaling blockchains: Polygon Miden creator

Other Questions People Ask

What are Bitcoin ordinals and how do they relate to the Binance NFT Marketplace update?

Bitcoin ordinals, also known as Bitcoin NFTs, are unique digital assets that have gained traction in the Web3 space. With the latest update from Binance, users can now trade and buy these Bitcoin ordinals directly on the Binance NFT Marketplace. This integration marks a significant expansion of Binance's multichain NFT community, which previously included networks like BNB Chain, Ethereum, and Polygon.

How will the addition of Bitcoin ordinals impact users on the Binance NFT Marketplace?

The inclusion of Bitcoin ordinals on the Binance NFT Marketplace allows users to engage with a new type of digital asset, enhancing their trading options. Users can buy and sell Bitcoin ordinals using their existing Binance accounts, making the process seamless. Additionally, the update introduces royalty support, creating extra revenue opportunities for creators of Bitcoin ordinals.

What other marketplaces support Bitcoin ordinals besides Binance?

In addition to Binance, other marketplaces like OKX and Magic Eden have also embraced Bitcoin ordinals. OKX announced its support for Bitcoin ordinals in late April, allowing users to view and store these NFTs within their accounts. Magic Eden integrated Bitcoin ordinals back in March, showcasing the growing acceptance of this digital asset across various platforms.

What recent trends have been observed in Bitcoin ordinals prior to Binance's announcement?

Before Binance's announcement, the number of Bitcoin ordinal engravings had been on a significant rise. As of May 1, the total number of inscriptions surpassed 3 million, reflecting a growing interest in this digital asset. This surge indicates that Bitcoin ordinals are becoming increasingly popular, despite some controversy within the crypto community regarding their alignment with Bitcoin's original ethos.

What did Binance's head of product say about Bitcoin's role in the NFT space?

Mayur Kamat, the head of product at Binance, emphasized Bitcoin's foundational role in the cryptocurrency ecosystem by stating, "Bitcoin is the OG of crypto." His comments highlight the importance of integrating Bitcoin ordinals into the Binance NFT Marketplace as a way to honor Bitcoin's legacy while expanding the platform's offerings. This perspective underscores Binance's commitment to enhancing user experience through diverse digital assets. This directly relates to Bitcoin ordinals hit Binance NFT Marketplace in latest update in practical terms.

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