Global Web3 technology leader OKX has announced that its multi-chain wallet now supports staking for Bitcoin and BRC-20 tokens. This groundbreaking feature leverages the BRC20-S open-source protocol, part of OKX's Bitcoin ecosystem standards, enabling users to earn BRC20-S tokens through the OKX Web3 DeFi Aggregator Investment Platform.
Expanding Web3 Earn Opportunities
This update extends OKX Wallet's existing Web3 Earn product lineup, with future enhancements including a BRC20-S token trading marketplace via the OKX Web3 DeFi platform.
Open Protocol for DeFi Innovation
The BRC20-S protocol is now available for DeFi developers and projects to create staking pools within OKX Wallet. These pools distribute BRC20-S tokens to Bitcoin or BRC-20 token holders, fostering greater user engagement and community growth.
👉 Discover BRC-20 staking on OKX Wallet
Leadership Perspective
Jason Lau, OKX Chief Innovation Officer, shared:
"OKX Web3 Wallet pioneers multi-chain Bitcoin and BRC-20 token staking. We recognize our users' desire for deeper Bitcoin ecosystem involvement and are proud to deliver. We're actively gathering feedback and excited to share upcoming features later this month."
Bitcoin Ecosystem Commitment
OKX demonstrates long-term Bitcoin support through:
- Lightning Network integration (since 2022)
First multi-chain wallet supporting:
- BRC-20 token trading
- Bitcoin NFT transactions via Ordinals Marketplace
- Bitcoin Ordinals viewing/transfers
Comprehensive Web3 Solutions
OKX offers a full suite of Web3 products including:
- NFT marketplace
- Decentralized exchange (DEX)
- DeFi aggregator
Serving both beginners and professionals.
Strategic Partnerships
OKX collaborates with top-tier brands and athletes such as:
- Manchester City F.C.
- McLaren F1 Team
- Tribeca Film Festival
- Olympian Scotty James
- F1 driver Daniel Ricciardo
Industry Leadership
OKX's global campaign "The System Needs a Rewrite" advocates for Web3 self-custody technologies as an alternative to centralized systems.
FAQ Section
Q1: What makes OKX Wallet unique for Bitcoin holders?
A: It's the first multi-chain wallet supporting both Bitcoin staking and BRC-20 token interactions, including NFT transactions.
Q2: How does BRC20-S staking work?
A: Users stake Bitcoin or BRC-20 tokens in pools to earn BRC20-S tokens, accessible via OKX's DeFi platform.
Q3: Can developers build on BRC20-S?
A: Yes! The open protocol allows creation of custom staking pools to distribute tokens and engage communities.
👉 Explore Web3 possibilities with OKX
Q4: What's OKX's long-term vision for Bitcoin?
A: To expand utility beyond storage through innovations like staking, NFTs, and Lightning Network integration.
Q5: Is OKX Wallet suitable for beginners?
A: Absolutely. Its intuitive interface complements advanced features for all experience levels.
Q6: How does OKX ensure security?
A: Through non-custodial wallet architecture and continuous protocol audits by blockchain security experts.