Coinbase to list BRC-20 token ORDI and Worldcoin eternal futures
Institutional clients on Coinbase International Exchange will soon have access to BRC-20 token Ordinals (ORDI) and Worldcoin (WLD) perpetual futures.
In a post to X on April 5, Coinbase International Exchange announced that it will list futures for ORDI and WLD eternally as of April 11, making them available to institutional investors on both Coinbase International and Coinase Advanced.
ORDI and WLD have seen significant price action and trading volume in recent months.
ORDI rose 1,640% from a price of $5 on November 1, 2023, to $87 on March 5, following a frenzy in the normalized assets late last year.
The ORDI token is not officially affiliated with Bitcoin Ordinals deployer or any other ordinary group. It is a separate BRC-20 token that derives its name from the Ordinals protocol only.
Meanwhile, Worldcoin quickly became one of the top signs of crypto investors who want to gain exposure to the AI industry, CoinGecko data from $2.20 on February 2,20 to a high of 11,70 on March 10.
WLD is a native digital identity project of Worldcoin that provides cryptocurrency as a currency for users who process their biometric data for digital identification.
Related: Coinbase secures limited distributor license in Canada
Friday's announcement adds new sustainable futures contracts to the global arm of Coinbase's institutional target exchange.
Continuous futures, also known as perpetual swaps or perpetuities, are a type of competitive contract that allows traders to predict the future price of an asset without an expiration date. The regulatory approval process for fixed futures depends on the product being offered.
On April 4, Coinbase International Exchange added futures contracts for the Wormhole native W token, which launched with an $850-million airdrop to early Chain Bridge users.
Meanwhile, on March 21, Coinbase also quietly announced plans to list futures contracts for Litecoin (LTC) and the memecoin Dogecoin (DOGE), claiming that it had “passed its origin” as an online joke and established itself as legitimate. Digital property.
Specifically, Coinbase has stated that it will require a “self-certification” method to launch futures contracts before receiving official approval from the Commodity Futures Trading Commission – as long as they follow regulatory guidelines set by the organization.
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