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OKX Launches Features for Trading Bitcoin Ordinals and BRC-20 Tokens Amid Market Boom

OKX, the second largest crypto exchange by trading volume, is launching new features that will allow customers to mint and trade Bitcoin Ordinals and BRC-20 tokens using the OKX wallet. This move follows the exponential growth in market capitalization for BRC-20 tokens, mainly memecoins like ordi, and Binance's announcement that its NFT marketplace will support Ordinals trading.

However, the rise in activity on the blockchain has caused Bitcoin transaction fees to skyrocket, and the number of active addresses on the Bitcoin network has declined. OKX's new features will not be available immediately, but users will be able to trade BRC-20 tokens this week, and by June, they will possess the ability to trade Ordinals.

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