BingX Lists BRC-20 Token, Becomes the First CEX to Support Ordi Coins Contract Trading
Singapore — BingX Exchange recently listed four major BRC-20 tokens, namely ORDI, VMPX, NALS, and PIZA, and introduced contract trading for these tokens, allowing users to experience the excitement brought by BRC-20 tokens firsthand. Ordinals, a Bitcoin-based protocol, gained significant popularity in April 2023 due to its simplicity in token issuance without smart contracts. The community shifted from using Ethereum for token issuance to utilizing BRC-20, leading to a surge in the price of newly minted Ordi tokens. Since these tokens lack smart contract functionalities, they require the assistance of CEXs (Centralized Exchanges). After conducting market research, BingX decided to list the four tokens with the highest trading volume.
BingX is delighted to offer their users access to this promising BRC-20 token, which is expected to perform well in the current market conditions. BingX is also the first crypto exchange to list ORDI USDT margin trading pairs on their trading platform.
The listing of Ordi occurred just 3 days after BingX announced their intention to explore BRC-20 projects further to better safeguard their investors’ portfolio when listing new BRC-20 tokens. Ordinals is an innovative way of creating and storing non-fungible tokens (NFTs) directly on the Bitcoin network. This groundbreaking technology utilizes a loophole in Taproot, a Bitcoin protocol upgrade, to enable users to inscribe various metadata types on satoshis, which are the smallest units of Bitcoin.
BingX remains committed to providing their users with the latest and most promising cryptocurrencies. The addition of ORDI, VMPX, NALS, and PIZA to their platform is an example of their ongoing efforts to offer the best possible investment options for their users.
Founded in 2018, BingX is a leading crypto exchange that offers spot, derivatives, copy, and grid trading services to over 100 countries and regions worldwide with over 5 million users. BingX continues to connect users with expert traders and the platform in a safe and innovative way. Additionally, BingX has launched BingX QA , an engine for Ordi token trading analysis and investment guidance.
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