Binance, one of the largest cryptocurrency exchanges, has added Bitcoin NFTs to its marketplace, just a day after the SEC filed a lawsuit against the company.
The NFT marketplace will now support over 25 Bitcoin NFT collections, including BTC DeGods, Bitcoin Bandits, Bitcoin Frogs, Bitcoin Pizzas, and Bitcoin Punks.
NFTs on Bitcoin have become a hot new trend in the crypto market, thanks to the Ordinals Protocol, which allows users to embed data like texts and images on the smallest unit of Bitcoin known as Satoshi through a process called “Inscription”.
Binance responded to the SEC's allegations by denying them and criticizing the securities regulators for their lack of clear and fair guidance for the digital asset industry.
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