• OKX is one of the first exchanges to list ORDI, offering low fees, payouts, and fast transactions to the bitcoin community
• With the new listing on OKX, ORDI traders no longer have to expect high network fees and long transaction times

HONG KONG, May 20, 2023 (GLOBE NEWSWIRE) — OKXthe second-largest crypto exchange by trading volume and a leading Web3 technology company, has announced that it is one of the first exchanges to list Ordi (ORDI), a BRC-20 token that uses ordinal numbers and inscriptions to create one-of-a-kind digital assets on the Bitcoin blockchain.

OKX enabled ORDI deposits and withdrawals on May 20th at 10:00 am (UTC)while spot pair ORDI/USDT started trading at 12:00 on May 20th (UTC).

OKX’s move to enable ORDI deposits and spot trading represents an important milestone for the Bitcoin community as it addresses a major disadvantage for users trading ORDI on decentralized exchanges (DEXs). Traders using DEXs to trade ORDI often face high network fees, and transactions can take anywhere from three minutes to up to two hours. This makes it difficult to buy ORDI at market value.

Trading on OKX offers a significant advantage over DEXs due to the presence of an order book. This means that users can always sell ORDI by being takers. On the other hand, if users want to sell ORDI on the chain, they can only list sell orders and wait for other users to complete the order. In addition, OKX users can trade ORDI at significantly cheaper rates fees and faster transactions, providing a more convenient way to manage their assets¹.

Jason Lau, OKX’s Chief Innovation Officer, said: “OKX is at the forefront of introducing innovative and powerful features that provide choice for bitcoin and crypto enthusiasts. BRC-20 tokens on Bitcoin present a unique challenge and we are excited to be among the first to offer users a seamless trading experience. This addition also demonstrates our long-standing commitment to growing the broader Bitcoin ecosystem.”