Bitcoin Ordinals NFTs Coming to Binance in Late May

Binance NFT, the crypto exchange’s non-fungible token marketplace, previously added support for the BNB chain, Ethereum and Polygon

article-image

ymcgraphic/Shutterstock modified by Blockworks

share

Binance will support Bitcoin Ordinals — akin to NFTs on Ethereum — on its NFT marketplace beginning in late May 2023.

This means that Binance users will no longer need a separate Bitcoin wallet that supports Ordinals inscriptions, making transactions quite a bit easier. 

“Binance users will also be able to purchase and trade Bitcoin NFTs directly with their Binance accounts,” a statement from Binance said. “This integration offers even more seamless and efficient trading for Binance users.” 

The largest centralized crypto exchange also said it would be offering Bitcoin NFT creators “royalty support” and additional ways to generate revenue. 

Mayur Kamat, Head of Product at Binance, told Blockworks that it’s too early to tell how transformational bringing Ordinals to the NFT platform will be, but “time will tell.”

“Since the beginning, everyone has wondered about Bitcoin use outside of [an] inflation hedge or [a] store of value. Not only has it shown massive value, but we are now seeing that the network can aspire to be more,” Kamat said.

Ordinals launched in January, allowing users to “inscribe” text, audio, art or even video games into individual satoshis, BTC’s smallest unit. They reside entirely on the blockchain.  

This news of Binance’s integration of Ordinals comes after a rush of Ordinals inscriptions contributed to Bitcoin processing the highest number of transactions in its 14-year history on May 1, 2023, on-chain data shows.

More generally, Bitcoin transactions are breaking all-time records — there were 444,000 unconfirmed transactions sitting in the mempool Monday morning. 

This surge in transactions and the skyrocketing fees were the reasons Binance gave for temporarily halting bitcoin withdrawals on Sunday. The company said it would adjust its fees to “prevent a similar recurrence in the future,” and flirted with a possible integration of the Bitcoin Lightning Network to speed up transactions.

https://twitter.com/binance/status/1655380303383261185

Binance NFT already added support for the Polygon POS network in March 2023 and the Ethereum network in October 2021.


Get the news in your inbox. Explore Blockworks newsletters:

Tags

Decoding crypto and the markets. Daily, with Byron Gilliam.

Upcoming Events

Javits Center North | 445 11th Ave

Tues - Thurs, March 24 - 26, 2026

Blockworks’ Digital Asset Summit (DAS) will feature conversations between the builders, allocators, and legislators who will shape the trajectory of the digital asset ecosystem in the US and abroad.

recent research

Unlocked by Template.png

Research

The march toward an interoperable and onchain-by-default internet depends on reliable messaging and value transfer across heterogeneous domains. Crosschain protocols now process >$1.3T in combined annual transfer volume and secure tens of millions of user interactions, yet no single design dominates.

article-image

The goal, per Santiago Santos, is to make crypto a relatable piece of tech for people who may not even understand it

article-image

Stripe stablecoin unit aims to operate under a federal charter enabling regulated stablecoin issuance and custody services

by Blockworks /
article-image

Will TradFi make crypto better or create more problems than it solves?

article-image

Subtle decisions by risk curators saved Aave from significant turmoil

article-image

The new Rootstock Institutional unit aims to connect professional investors to Bitcoin-native yield and liquidity strategies anchored in BTC’s security layer

by Blockworks /
article-image

DOJ files record civil forfeiture against more than 127,000 BTC linked to scam activity

by Blockworks /