CEXs start listing BRC-20 tokens

Crypto.com et Gate.io have announced the listing of Ordinals (ORDI). The BRC-20 tokens have caused a increase of expenses on the Bitcoin blockchain.

While the BRC-20 are today at the heart of the news, of the centralized crypto exchanges have started to allow their customers to trade this type of tokens.

This Monday, the platforms Gate.io and Crypto.com have indeed listed the token ORDI with several trading pairs. This is the BRC-20 with the largest market capitalization ($577 million).

Bitcoin Request for Comment (BRC-20) is a fungible token standard still experimental which made its debut last March. Specifically designed for the Bitcoin blockchain, BRC-20 uses Ordinal entries To deploy token contracts.

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At the beginning of the year, the arrival of Ordinals, a protocol also allowing to create some kind of NFT on the Bitcoin blockchainhad resurfaced a debate long existing in the community.

The BRC-20 market today weighs about 985 million dollars. PEPE, the same corner of the moment, is the second largest BRC-20 in terms of marketcap, behind ORDI.

Ordinals and BRC-20s have boosted activity on the Bitcoin network, leading to a significant increase in transaction fees and withdrawal problems at the giant Binance.

ORDI’s share price, which has exploded since its issuance in early April, has risen another 60% or more to about $27 in the past 24 hours.

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