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CDS Crypto News Binance Reflects Positive Attitude Toward BRC-20 Token Listings

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Binance Reflects Positive Attitude Toward BRC-20 Token Listings

Binance released a comprehensive research report on BRC-20 tokens on May 18.24,677 BRC-20 tokens have been minted until now.

Aziz KARTAL29/05/20231 Mins read858

Binance reflects positive attitude toward brc-20 token listings. The crypto world has been captivated by the intriguing buzz surrounding Bitcoin Ordinals and BRC-20 tokens, grabbing significant attention within the cryptocurrency community. Notably, leading crypto exchange Binance has taken the initiative to explore the potential of integrating BRC-20 tokens to enhance the NFT era of Bitcoin, positioning itself at the forefront of this investigation.

Binance Reflects Positive Attitude Toward BRC-20 Token Listings

Bitcoin Ordinals and BRC-20 tokens have generated significant excitement and captured the spotlight within the cryptocurrency world. Their emergence has drawn considerable attention, with the crypto space fully engaged in exploring their potential. Interestingly, Binance, a prominent crypto exchange, is leading the way in investigating the opportunities presented by integrating BRC-20 tokens to enhance the NFT era of Bitcoin.

Of particular significance is the influence of Leonidas, a renowned member of the Ordinals community on Crypto Twitter, who has brought attention to Binance’s keen interest in these innovative Bitcoin-driven developments.

According to reports, Binance took significant strides towards integrating Bitcoin Ordinals and BRC-20 tokens starting in March 2023. Firstly, the largest cryptocurrency exchange confirmed its support for Bitcoin Ordinals on the Binance NFT marketplace on May 9. Secondly, it conducted a thorough analysis and published a research paper on BRC-20. Lastly, CoinMarketCap, a crypto data aggregator owned by Binance, integrated support for BRC-20 tokens.

Binance CEO Changpeng Zhao (CZ) has been openly expressing his enthusiasm for these Bitcoin innovations, leading the crypto community to interpret these statements as indications of potential BRC-20 token listings on the exchange.

Presently, data indicates that 24,677 BRC-20 tokens have been minted, with ORDI being the dominant token in the market. Additionally, the Ordinals NFT collections are experiencing a notable rise in popularity within the ecosystem, even competing with top Ethereum and Solana NFTs. Remarkably, well-known figures like Peter Schiff have surprised the community by initiating the launch of new Ordinals NFTs.

To access more crypto news: cryptodataspace.com

Sources:thenewscrypto

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Written by

Aziz KARTAL

Aziz Kartal is 21 years old. He is a student at the Gazi University, Department of Electrical and Electronical Engineering. He works as content writer, researcher and social media manager. He generally research about Web3, Blockchain Security and Cybersecurity.

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