Bitget, a derivatives and copy trading platform, has announced the listing of the ORDI token in its newly launched BRC-20 zone. The firm has also announced plans to bring other promising BRC-20 tokens to its platform, including a new round of Launchpad featuring the Bitcoin Improvement Proposals 1 (BIP1). BRC-20 is a new fungible token standard designed for the Bitcoin blockchain that allows users to write information to each Satoshi and inscribe information mainly in the form of NFTs and tokens on the BTC chain. Bitget users can now trade and transact with BRC-20 tokens, with futures trading and other features coming soon. Bitget aims to offer a seamless trading experience for its users.
Gracy Chen, managing director of Bitget, said that the firm is committed to supporting the BRC-20 ecosystem and believes in the potential of this new token standard to enhance the functionality of the Bitcoin blockchain and provide more decentralized opportunities for the crypto community. Since its launch just two months ago, the total market cap of BRC-20 tokens has already surpassed $1bn, proving the demand for this innovative standard. Bitget is expanding its product offerings beyond derivatives, and is rapidly listing promising coins in its revamped Innovation Zones on Bitget Spot. According to Coinmarketcap, Bitget Spot now supports over 500 coins with approximately 551 trading pairs.