A New Marketplace for Binance Registrations:
- Binance launches the ‘Binance Registrations Marketplace’ for buying, selling, and tokenizing registration tokens.
- The platform adopts the UniSat API, allowing access to liquidity and over 60,000 BRC-20 tokens.
- Binance enters the registrations market in competition with OKX, which introduced similar features.
Binance launches a marketplace for registrations
On February 1, 2024, Binance announced the launch of the ‘Binance Registrations Marketplace.’ Essentially, this platform will allow you to buy, sell, and tokenize registrations.
Image: Screenshot of Binance’s tweet about the Registrations Marketplace.
Hosted within a ‘non-custodial’ crypto wallet on its app, this new service also enables users to trade BRC-20 tokens, EV tokens, as well as other registrations.
Our platform not only supports registrations trading but also facilitates BRC-20 and EV token minting, thereby reducing transaction costs,
stated a Binance spokesperson.
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Note that the ‘Binance Registrations Marketplace’ utilizes the UniSat API, a marketplace specializing in Ordinals and registrations, providing users with direct access to UniSat’s liquidity as well as a wide range of over 60,000 BRC-20 tokens.
This initiative positions Binance in a competitive stance against OKX, its main rival, which also launched similar features earlier in the week.
With significant milestones, such as the BRC-20 ORDI token reaching a market capitalization of $1 billion and over 200 million registrations across various blockchains, Binance believes its entry into this market is timely, offering its users a favorable moment to explore and benefit from this evolving space.
