Business News Report
April 27, 2023

OKX Wallet Adds Bitcoin Ordinal Viewing and Transfer to Its Multi-Chain Platform

In Brief

OKX has added the ability to view and transfer Bitcoin Ordinals in its wallet and NFT marketplace.

OKX Wallet now supports BTC taproot addresses on the browser extension.

Crypto exchange OKX has added the ability to view and transfer Bitcoin Ordinals in an upgrade to its wallet and NFT marketplace. The OKX Wallet now supports BTC taproot addresses on the browser extension, with mobile support coming soon.

With the upgrade, OKX users can import their BTC wallets and view their Bitcoin ordinals through the platform’s multi-chain wallet, thus providing Bitcoin Ordinal holders with a more convenient way to manage their digital artifacts.

“We’ve had our eye on the explosion of activity with Bitcoin ordinals and we’re excited to deliver a seamless experience for users to see and interact with their NFTs across different chains. Additionally, adding support for BTC Taproot addresses will enable cheaper and more compatible transactions for OKX Wallet users. We are excited to see the Bitcoin ecosystem grow and look forward to adding even more features,” OKX Chief Innovation Officer Jason Lau said in a statement.

This upgrade comes after the launch of Bitcoin Punks NFTs on the OKX NFT Marketplace on March 7, which allowed users to purchase ordinals using ETH. In the near future, the OKX NFT Marketplace will offer minting and trading functionality for ordinals, enabling users to create, buy, and sell Ordinals on the platform.

OKX has joined the likes of Ordinals Wallet, Xverse, and Hiro, as well as marketplaces like Magic Eden and Gamma.io in serving the growing Bitcoin Ordinals community. The community has been facing challenges due to the lack of trustless infrastructure for buying, selling, viewing, and trading their inscriptions. 

Prior to the introduction of these wallets and marketplaces, holders were required to create an ord-compatible wallet on Sparrow and manage the storage of their Ordinals independently, while Ordinal transactions were done over the counter.

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About The Author

Cindy is a journalist at Metaverse Post, covering topics related to web3, NFT, metaverse and AI, with a focus on interviews with Web3 industry players. She has spoken to over 30 C-level execs and counting, bringing their valuable insights to readers. Originally from Singapore, Cindy is now based in Tbilisi, Georgia. She holds a Bachelor's degree in Communications & Media Studies from the University of South Australia and has a decade of experience in journalism and writing. Get in touch with her via [email protected] with press pitches, announcements and interview opportunities.

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Cindy Tan
Cindy Tan

Cindy is a journalist at Metaverse Post, covering topics related to web3, NFT, metaverse and AI, with a focus on interviews with Web3 industry players. She has spoken to over 30 C-level execs and counting, bringing their valuable insights to readers. Originally from Singapore, Cindy is now based in Tbilisi, Georgia. She holds a Bachelor's degree in Communications & Media Studies from the University of South Australia and has a decade of experience in journalism and writing. Get in touch with her via [email protected] with press pitches, announcements and interview opportunities.

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