Tuesday, April 23, 2024

Centralized Exchanges Dive into Bitcoin's New Frontier

The Rune Rush: Centralized Exchanges Dive into Bitcoin's New Frontier

The recent launch of Bitcoin's first functional token standard, Bitcoin Runes, has sent shockwaves through the cryptocurrency community. This innovation unlocks a new era for Bitcoin, enabling the creation and trading of non-fungible tokens (NFTs) and other advanced functionalities directly on the Bitcoin blockchain. But the buzz isn't just limited to developers and enthusiasts – centralized exchanges (CEXs) are already scrambling to be the first movers in listing these pioneering Bitcoin Runes.


Gate.io Leads the Charge

The Cayman Islands-based exchange, Gate.io, wasted no time in capitalizing on the Rune rush. Hot on the heels of the Bitcoin halving event on April 20th, 2024, Gate.io announced the listing of three of the earliest minted Bitcoin Runes: SATOSHI•NAKAMOTO (a homage to Bitcoin's pseudonymous creator), MEME•ECONOMICS, and the slightly more whimsical WANKO•MANKO•RUNES. This bold move by Gate.io highlights the potential these Runes hold, not just for developers and users, but also for established players in the cryptocurrency exchange landscape.

XRP in Emergency: Between Selling Strain and Cryptographic money Market Unpredictability

XRP isn't getting away from the disturbance saw toward the finish of this mid year in the monetary business sectors. The crypto resource...