There’s an interesting comparison in the Bitcoin ecosystem these past couple of days.
First, on the exchange side: Bitget, starting October 2, stopped BRC-20 withdrawals. The reason given is “improving the trading experience,” and it doesn’t say when it will resume.
Then, on-chain: UniHexa has listed trades for UNCOMMON•GOODS. Right now, the Runes it supports for trading are three—UNCOMMON•GOODS, DOG, and MIM. BRC-20 says it will add more later.
Some people reacted very directly. They posted saying, “You can trade DOG now—quick, withdraw the DOG from Bitget.”
On one side, the withdrawal channel is closed; on the other, trading pairs are opened on-chain. Taken separately, neither of these is a big deal. Put together, though, it’s pretty interesting: things haven’t disappeared—they’ve just been moved to a different place.
#fractalbitcoin #bitcoin
Would you feel more at ease keeping your assets on an exchange, or in your own wallet?
First, on the exchange side: Bitget, starting October 2, stopped BRC-20 withdrawals. The reason given is “improving the trading experience,” and it doesn’t say when it will resume.
Then, on-chain: UniHexa has listed trades for UNCOMMON•GOODS. Right now, the Runes it supports for trading are three—UNCOMMON•GOODS, DOG, and MIM. BRC-20 says it will add more later.
Some people reacted very directly. They posted saying, “You can trade DOG now—quick, withdraw the DOG from Bitget.”
On one side, the withdrawal channel is closed; on the other, trading pairs are opened on-chain. Taken separately, neither of these is a big deal. Put together, though, it’s pretty interesting: things haven’t disappeared—they’ve just been moved to a different place.
#fractalbitcoin #bitcoin
Would you feel more at ease keeping your assets on an exchange, or in your own wallet?