Phantom Wallet Introduces Trading for Bitcoin, Ordinals, and BRC-20 Tokens

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Hongji Feng

Hongji Feng

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Hongji is a crypto and tech reporter. He graduated from Northwestern University's Medill School of Journalism with a Bachelor's and a Master's. He has previously interned at HTX (Huobi Global),...

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December 21, 2023 02:45 EST

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Multichain cryptocurrency wallet Phantom has broadened its services, introducing support for Bitcoin, Ordinals, and BRC-20 tokens.

According to a blog post, Phantom has launched the new features in a current beta phase, allowing users to opt-in for trading and transferring these assets. The update includes full Bitcoin support, address management options, and transaction overviews, enhancing the wallet’s utility for Bitcoin, Ordinals, and BRC-20 tokens.

This expansion reflects Phantom’s commitment to flexibility and interoperability as a cross-chain wallet, building on its existing support for Solana, Ethereum, and Polygon blockchains.

Phantom Launches Bitcoin Trading With Multiple Features

The blog listed some key features of the upgrade, including address management, transaction overviews, and using the wallet on other apps.

The new features enable users to switch between Taproot and Native Segwit addresses in their settings as needed. Additionally, the update provides detailed transaction overviews, displaying key information like estimated time of arrival and potential balance alterations, along with a conversion of Bitcoin values to USD for enhanced clarity.

Introducing: ₿itcoin on Phantom 🟠

You can now buy, sell, trade, transfer, and HODL Bitcoin, Ordinals, and BRC-20 tokens with your favorite multichain wallet.

Here’s what’s to love👇 pic.twitter.com/hmuizc8Ec0

— Phantom (@phantom) December 20, 2023

“For now, we’ve limited our beta to a select number of trusted apps, such as Magic Eden and UniSat,” wrote the blog. “But we plan to support more apps soon. We also plan to add other Bitcoin-friendly features such as Ledger support, custom gas fees, and more.”

“Supporting Bitcoin and Ordinals is another step towards fulfilling our mission to make crypto safe and easy for everyone,” wrote the blog.

Bitcoin Prices Surges Pending ETF Approval

According to CoinMarketCap, in the past 24 hours, Bitcoin price has briefly exceeded the $44,000 mark and is trading at $43,778 at the time of writing, up by 2.23%.

This surge is possibly attributed to the impact of spot Bitcoin exchange-traded fund (ETF) filings, and their pending approvals by the Securities and Exchange Commission (SEC). According to Galaxy Digital CEO Michael Novogratz, the ETF application will be approved by Jan. 10, 2024.