OKX Unveils Ordinals Launchpad, a Platform to Launch and Trade Collections on the Bitcoin Ecosystem

The major crypto exchange OKX is bringing Ordinals into the fold by releasing the new Ordinals Launchpad platform for creators who want to launch and inscribe directly on Bitcoin (BTC).

Major crypto exchange OKX has announced the launch of Ordinals Launchpad, a platform that enables on-chain creators to launch, inscribe and trade collections directly within the Bitcoin (BTC) ecosystem.

The platform provides creators with the necessary tools, exposure and technical support to simplify the Bitcoin inscription process.

According to the official announcement on Thursday, the Ordinals Launchpad platform is now accessible via the web and mobile. Users can launch and trade collections directly through the interface. All sales proceeds are credited directly to creator wallets through on-chain settlements.

OKX leverages “SelfScribe” technology, which allows collectors to inscribe instantly on-chain at the time of minting. Self-Scribe eliminates pre-inscription requirements and ensures creators maintain self-custody over their collections.

The exchange boasts that creators are granted “complete control” over the pricing and distribution of their collections, including the ability to customize minting rounds with features such as allowlist and public sale options.

Ordinals Launchpad charges a 2.5% launch fee and zero trading fees for collectors trading on the marketplace. Creators can also list their collections on other major marketplaces after minting on the platform.

The first collection to officially launch on Ordinals Launchpad is “Geminions” by JRNE, a Web3 jewelry brand that introduced NFC-enabled authentication on Bitcoin.

OKX further noted that trading volume for Ordinals, Runes and BRC-20 collections on its platform has increased by 50% since November, indicating a rise in market demand.

Meanwhile, Binance recently confirmed in a post that it has closed down its Ordinal assets, specifically its Inscription Market. Users can no longer purchase or sell inscription assets on the exchange, although they can still view their inscription assets and withdraw them to other wallets. The exchange has not supported Ordinals since April this year.