Binance Wallet Integrates Bitcoin ARC-20 Assets: Zero-Fee Trading Offered Until June 2024

Binance Wallet recently announced the integration of Bitcoin ARC-20 atomical assets into its native Web3 wallet through its Inscriptions Marketplace. The ARC-20 token standard enables the creation of fungible tokens that can be held and transferred on the Bitcoin blockchain. To mark this integration, Binance is offering zero-fee trading on ARC-20 tokens until June 2, 2024. The Atomicals protocol, introduced in January, operates similarly to Ethereum's ERC-20 standard, allowing for the minting, transferring, and updating of nonfungible tokens (NFTs) on the Bitcoin blockchain. This protocol ensures transparent and secure record-keeping of ownership and history for Bitcoin NFTs. Additionally, aside from NFTs, Bitcoin Atomicals have various use cases including web hosting, file storage, atomic swaps, real-world asset tokenization, and decentralised social media. Other exchanges such as Bitget and OKX have also adopted ARC-20 assets, showcasing growing industry support for this token standard on the Bitcoin blockchain.