Binance Launches ARC-20 Token Support, Expanding Crypto Trading Horizons

FinanceFeeds Editorial Team

Binance, the esteemed global blockchain ecosystem trusted by an expansive user base of over 185 million worldwide, announced the latest enhancement to its comprehensive offerings with the launch of ARC-20 token support within its Binance Inscription Marketplace.

This important update enables users to actively engage in the trading and transfer of ARC-20 tokens, thereby broadening the range of available features on the platform. Originating from the innovative Atomicals Protocol on Bitcoin, ARC-20 tokens represent a key development in the realm of fungible token standards, marking a new chapter in Binance’s continuous effort to diversify and enrich its asset offerings.

The introduction of ARC-20 token support propels the Binance Inscription Marketplace into a distinguished position, joining the ranks of a select group of platforms capable of boasting such a wide array of supported inscription assets. This array now includes the likes of BRC-20, EVM, and, with the latest update, ARC-20 tokens. This advancement is made possible through the integration of a crucial new feature that grants users the ability to manually mark Bitcoin Unspent Transaction Outputs (UTXOs). Considering the intricate nature of the various inscription protocols present on the Bitcoin network, the management of UTXOs emerges as a pivotal aspect. This feature empowers users by allowing them to designate any conflicting asset according to their preferences, thus streamlining the user experience by facilitating a comprehensive asset selection process devoid of the complexities traditionally associated with such transactions.

“At Binance, our top priority has always been to provide our users with the tools and capabilities they need to harness the full potential of the cryptocurrency landscape,” remarks Binance Product Marketing Lead Sherrine Tan. “Our decision to support ARC-20 tokens trading is a direct response to our users’ interests. This move unlocks a realm of opportunities, giving users an easy, seamless and secure way to explore the Atomicals Protocol and the vast possibilities of the inscriptions ecosystem.”

Hosted within the self-custody Binance Web3 Wallet, which is seamlessly integrated into the Binance app, the Binance Inscriptions Marketplace is designed to offer an accessible, intuitive platform for the buying, selling, and minting of a diverse portfolio of inscription tokens. Enhanced by the BTC Transaction Accelerator, the platform ensures expedited Bitcoin transactions, further elevating the user experience.

In a strategic move designed to foster the growth of the Bitcoin ecosystem further, Binance has extended its support to include BTC Taproot addresses within the Binance Web3 Wallet. This addition allows users the flexibility to choose between Taproot or Native SegWit addresses, facilitating the effortless creation or importation of BTC wallets and enabling users to manage their assets with unprecedented ease.

Through a strategic partnership with Atomicals Market, the leading marketplace for ARC-20 tokens, the Binance Inscriptions Marketplace leverages the Atomicals Market API to offer users a gateway into the vibrant world of ARC-20 tokens and the Atomicals Protocol. This collaboration underscores Binance’s commitment to providing users with access to a broad selection of ARC-20 tokens, all while ensuring the simplicity, convenience, and security synonymous with the Binance Web3 Wallet.

X, CEO at Atomicals Market, commented: “Our partnership with Binance marks a significant step forward in making ARC-20 tokens easily accessible to the crypto community. We are excited to introduce the depth of opportunities that the Atomicals Protocol offers to Binance’s extensive global user base and an even broader spectrum of users. It’s an exciting time for both Atomicals Market and Binance users – the future is bright and full of immense possibilities!’’

To celebrate this landmark expansion, Binance has joined forces with Atomicals Market to introduce an exclusive, time-limited trading promotion for ARC-20 tokens on the Binance Inscription Marketplace. For a duration of two months, from April 3 to June 2, 2024, users will enjoy the benefit of zero service fees on ARC-20 token trades, exemplifying Binance’s dedication to enhancing value for its user base.

This announcement is a testament to Binance’s unwavering commitment to innovation and its proactive approach to addressing the dynamic needs of its users. It follows on the heels of Binance’s recent foray into the Solana network and the integration of selected Solana-based decentralized applications into its Web3 Wallet. These efforts are reflective of Binance’s broader strategy to remain at the forefront of the blockchain ecosystem, continually adapting and evolving its platform to stay ahead of market trends and ensure that it remains responsive to the ever-changing demands of the global cryptocurrency community.

Binance’s introduction of ARC-20 token support within its Inscription Marketplace not only signifies a pivotal enhancement to its platform but also reinforces its position as a leader in the blockchain industry, committed to driving the adoption and accessibility of digital assets through innovative solutions and strategic partnerships.

Disclaimer: Binance Web3 Wallet is an optional product. It is your responsibility to determine if this product is suitable for you. Binance is not responsible for your access or use of third-party applications (including functionality embedded within the Binance Web3 Wallet) and shall have no liability whatsoever in connection with your use of such third-party applications, including, without limitation, any transactions you dispute. Please carefully review the Binance Web3 Wallet Terms of Use and always do your own research.

Read this next

Digital Assets

Masa Announces Comprehensive AI Developer Ecosystem with 13 Dynamic Partners Focused on Leveraging Decentralized Data and Large Language Models

In a groundbreaking development, Masa, the global leader in decentralized AI and Large Language Models (LLMs), proudly announces the launch of its AI Developer Ecosystem, partnering with 13 visionary projects.


Kinesis Mint becomes the official partner for the House of Mandela

Kinesis Mint, the certified independent precious metals mint and refinery of Kinesis, the monetary system backed by 1:1 allocated gold and silver, has been appointed the exclusive coin producer for the House of Mandela.


Kadena Announces Annelise Osborne as Chief Business Officer

Kadena, the only scalable Layer-1 Proof-of-Work blockchain, expands its leadership team by onboarding Annelise Osborne as Kadena’s new Chief Business Officer (CBO).


TNS brings full-stack market data management to EMEA

“We are also delighted to have Ben Myers join our London-based TNS Financial Markets team as Head of Strategic Sales for EMEA, to bolster our presence in the region.”


Velocity Labs and Ramp Network facilitate fiat to crypto onramp on Polkadot via Asset Hub support

Velocity Labs is proud to announce a fiat to crypto onramp using Ramp Network through the integration of Asset Hub. Through it, Ramp will be able to service any parachain in the Polkadot ecosystem.

Executive Moves

INFINOX hires Mayne Ayliffe as Global Head of HR

“I look forward to working with our teams around the world to develop a strategic HR agenda that supports high performance and is centred on human motivation.”


Sterling to provide risk and margin support for fixed income

“Firms must have the tools to effectively manage their risk across all asset classes. As yields rise, we see more exposure from clients in the fixed income space. We understand their need to measure and mitigate risk in a highly regulated environment.”

Retail FX

FXOpen launches HK share CFDs: Tencent, Alibaba, Xiaomi, Baidu

Hong Kong share CFDs will be commission-free for a limited period of time.

Retail FX

IronFX Celebrates an Award-Winning Start to 2024 with a Series of Industry Recognitions

IronFX, a global leader in online trading, has embarked on 2024 with a spectacular display of accolades that highlight its commitment to excellence and innovation in the competitive financial services sector.