Binance Inscription Marketplace Adopts ARC-20 Token Standard, Empowering Web3 Users

Binance Inscription Marketplace now supports the ARC-20 token standard, enabling users to buy, sell, and mint inscription tokens within the Binance app. This integration allows users to trade and transfer ARC-20 tokens conveniently, with Binance offering zero service fees for ARC-20 trading for two months.

Binance Inscription Marketplace Embraces ARC-20 Token Standard, Empowering Web3 Users

Binance, the world's leading cryptocurrency exchange, has taken a significant step forward in its commitment to innovation and accessibility by integrating support for the ARC-20 token standard within its Inscription Marketplace. This move comes as part of Binance's ongoing efforts to provide its users with the most comprehensive and seamless Web3 experience.

Built on the emerging Atomicals Protocol, the ARC-20 token standard enables the creation and management of fungible tokens within the Atomicals ecosystem. By integrating ARC-20 support, Binance Inscription Marketplace opens up a world of possibilities for users, allowing them to trade, buy, and mint a diverse range of inscription tokens, including BRC-20 and EVM.

The integration of ARC-20 tokens into Binance Inscription Marketplace is made possible through the Binance Web3 Wallet, which provides users with a secure and user-friendly platform for managing their digital assets. The marketplace is powered by BTC Transaction Accelerator, a solution developed by Binance that facilitates faster Bitcoin transactions on its platform.

In a statement released on April 3, Binance Product Marketing Lead Sherrine Tan emphasized the company's unwavering commitment to empowering Web3 users:

"Our decision to support ARC-20 tokens trading is a direct response to our users' interests. This move unlocks a realm of opportunities, giving users an easy, seamless, and secure way to explore the Atomicals Protocol and the vast possibilities of the inscriptions ecosystem."

To celebrate this milestone, Binance has partnered with Atomicals Market to offer exclusive zero-service fee trading for ARC-20 tokens on its inscription marketplace for a two-month period, from April 3 to June 2, 2024. This offer provides users with an exceptional opportunity to explore the benefits of ARC-20 tokens and the Atomicals ecosystem without incurring any additional fees.

In addition to ARC-20 token support, Binance has also enabled support for the BTC Taproot address on its Web3 wallet. This enhancement provides users with greater flexibility and security in managing their Bitcoin assets, allowing them to choose between the advanced privacy features of Taproot or the simplicity of Native SegWit.

Binance's continuous innovations and commitment to user experience have solidified its position as a leading force in the Web3 space. The integration of ARC-20 tokens and the BTC Taproot address further demonstrates Binance's dedication to providing its users with the most comprehensive and cutting-edge digital asset management solutions.

As the Web3 landscape continues to evolve at a rapid pace, Binance remains at the forefront of innovation, consistently striving to empower users with the tools and capabilities they need to navigate and thrive in this dynamic and transformative ecosystem.