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Our Marketplace Introduces Zero-Fee Trading for Runes Following Bitcoin Halving

OKX Learn

Published on Apr 20, 2024

Updated on Apr 25, 2024

2 min read

Our platform is the first to enable zero-fee Runes trading on mobile
Users can now trade popular Runes tokens like UNCOMMON.GOODS, PUPS and WZRD on our Marketplace

We're proud to announce that we've added support for Runes, a new fungible token standard by Casey Rodarmor, a former Bitcoin developer and artist, following today's Bitcoin halving. With this addition, our users can now create, mint, manage and trade Runes on our Marketplace.

In the wake of the Bitcoin halving, we are the first platform to offer zero-fee Runes trading on mobile. As part of this launch, the initial Runes tokens available to trade on our OKX Marketplace include UNCOMMON.GOODS, PUPS and WZRD.

Runes stands out in an era characterized by the proliferation of digital tokens due to its unique UTXO-based structure. This inscription standard has been integrated into the Bitcoin network, simplifying the creation and management of tokens. It offers a streamlined alternative to traditional models, reducing blockchain bloat and significantly improving scalability.

Before implementing Runes support, our Web3 team at OKX hosted an X Spaces session alongside Pups, NODES and WorldPeaceBitcoin for a Q&A called 'Pre-Halving Power Hour.' The X Spaces session focused on Runes as the "next biggest thing on Bitcoin," highlighting our commitment at OKX to shaping the future of the Runes ecosystem alongside key projects.

In celebration of this new addition, we also recently enhanced the prizes for our Bitcoin halving-themed 'OKX Web3 Bitcoin Drop' campaign. This campaign, focused on increasing engagement on the Bitcoin network, now includes 1 Runestone in addition to the original 1 BTC prize. For further details on the campaign, click here.

Our successful introduction of Runes support aligns with our broader vision at OKX of driving innovation and pushing the boundaries of what's possible within the Bitcoin ecosystem. We recently expanded our offerings with the addition of Atomicals (ARC-20) and Stamps (SRC-20) support.

Disclaimer

This content is provided for informational purposes only and may cover products that are not available in your region. It is not intended to provide (i) investment advice or an investment recommendation; (ii) an offer or solicitation to buy, sell, or hold digital assets, or (iii) financial, accounting, legal, or tax advice. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances. Information (including market data and statistical information, if any) appearing in this post is for general information purposes only. While all reasonable care has been taken in preparing this data and graphs, no responsibility or liability is accepted for any errors of fact or omission expressed herein. Both OKX Web3 Wallet and OKX NFT Marketplace are subject to separate terms of service at www.okx.com.
© 2024 OKX. This article may be reproduced or distributed in its entirety, or excerpts of 100 words or less of this article may be used, provided such use is non-commercial. Any reproduction or distribution of the entire article must also prominently state: “This article is © 2024 OKX and is used with permission.” Permitted excerpts must cite to the name of the article and include attribution, for example “Article Name, [author name if applicable], © 2024 OKX.” No derivative works or other uses of this article are permitted.

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