Binance has launched the Binance Inscriptions Marketplace, making Web3 accessibility more convenient for users. The marketplace is integrated into the Binance Web3 Wallet and provides a user-friendly platform for buying, selling, and creating inscription tokens. These tokens can store various types of data, generate NFTs, and support dApps. BRC-20 tokens are particularly popular among users. The marketplace offers features such as unlimited options for buying, selling, and minting tokens, seamless transfers between the Binance exchange platform and Web3 Wallet, and faster transactions with the BTC Transaction Accelerator.
Rohit Wad, CTO of Binance, expressed excitement about the launch of the marketplace and emphasized the aim to provide a unique portal that allows a wider audience to explore and benefit from inscription tokens. The marketplace leverages the UniSat API to provide access to over 60,000 BRC-20 tokens. Lorenzo, Director of UniSat, praised Binance’s commitment to innovation and expressed hope that this step forward would inspire more developers and enthusiasts in the field.
In addition to the marketplace launch, Binance now allows large traders to deposit their assets in external crypto-friendly banks like Sygnum or FlowBank. This change reflects users’ concerns regarding Binance’s regulatory controversy in the US. Previously, users were limited to depositing assets directly on the platform or through its custody partner Ceffu. The new triparty banking solution offers institutional investors greater adoption by allowing them to manage risk while maximizing capital efficiency. However, collaborating with Ceffu has been criticized by regulatory authorities for violating previous agreements regarding asset transfers abroad.
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