Coinspeaker
Binance Inscription Marketplace Boosts Web3 Access with ARC-20 Token Support

In the latest development on April 3, crypto exchange Binance announced that the Binance Inscription Marketplace will now start supporting the ARC-20 tokens. The ARC-20 is basically a fungible token standard built atop the emerging Atomicals Protocol running on the Bitcoin blockchain. Moreover, the Atomicals Market is also the largest marketplace for the ARC-20 tokens.

Thus, users will now be able to transfer and trade the ARC-20 tokens on Binance’s Inscription marketplace. With this recent expansion, the Binance Inscription Marketplace stands out as one of the very few platforms accommodating a wide variety of inscription assets, that includes the BRC-20, EVM, along with newly integrated ARC-20 tokens.

The extensive asset support is because of the incorporation of a significant feature enabling users to manually mark the Bitcoin Unspent Transaction Outputs (UTXOs). Also, the UXTO management on the Bitcoin blockchain network is possible because of the diverse nature of the several inscription protocols running on the Bitcoin blockchain. Speaking on the development, Binance Product Marketing Lead Sherrine Tan said:

“At Binan...