oins.ph Achieves Milestone as First Philippine Exchange to Embrace BRC-20 Tokens

In a groundbreaking move, Coins.ph, the Philippine cryptocurrency exchange, has embraced the BRC-20 token standard, marking a significant milestone in the country's digital asset landscape.

ORDI Token Listing Paves the Way

Coins.ph has added support for BRC-20 tokens, with the inclusion of ORDI, making it the inaugural platform in the Philippines to facilitate transactions with these tokens. ORDI, a prominent BRC-20 token, brings smart contract functionality to Bitcoin's blockchain, allowing users to embed various data, including images, texts, or audio, into satoshis – the smallest unit of BTC.

ORDI: A Rising Star in BRC-20 Realm

ORDI has swiftly risen to become one of the most popular BRC-20 tokens. Its surge to an all-time high above $81 on December 26 signifies its growing prominence, spurred initially by Binance's trading support in early November.

Empowering Users in a Fast-paced Crypto Sphere

By embracing BRC-20 tokens, Coins.ph positions itself to offer users enhanced access to the rapidly expanding digital asset market. Wei Zhou, CEO of Coins.ph, emphasized the significance of this move, stating, "This move signifies that Coins.ph is committed to being at the forefront of digital asset innovation.

Facilitating Opportunities for Users

Zhou highlighted the substantial growth in BRC-20 activity throughout the year and expressed the company's desire to enable users to seize opportunities presented by tokens like $ORDI. He added, "We want to allow our users to participate in these opportunities, whether it be through tokens like $ORDI, which we recently listed, or other product offerings enabled by BRC-20.

Future Expansion Plans

Coins.ph doesn't plan to stop at ORDI, with an announcement on Wednesday revealing their intention to expand the service further. This strategic move aligns with the exchange's commitment to staying ahead in the dynamic realm of digital asset innovation.

Coins.ph's bold embrace of BRC-20 tokens, particularly with the listing of ORDI, solidifies its position as a pioneering force in the Philippines' cryptocurrency landscape. As the digital asset market continues to evolve, Coins.ph remains dedicated to empowering users and staying at the forefront of innovation.

While Coins.ph's adoption of BRC-20 tokens is a noteworthy stride in digital asset innovation, challenges may arise as the market adapts to this new standard. It remains to be seen how users and the broader crypto community respond to this development.