Binance Futures Introducing ORDI Perpetual Contract


Binance, a cryptocurrency exchange, has revealed that it will be adding the ORDI perpetual contract to its list of offerings.

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Binance Futures announced that they will introduce a USDC-margined ORDI perpetual contract on February 22nd at 07:00 UTC. Traders will have the opportunity to utilize leverage of up to 75x.

Binance Launches ORDIUSDC Perpetual Contract with Special Offer

Binance has introduced the ORDIUSDC perpetual contract with a maximum financing rate of +2.00% and -2.00% at launch. The funding fee calculation will take place every four hours, providing users with regular updates on their contracts.

Users participating in trading USDC margined futures contracts, including the new ORDIUSDC perpetual contract, are eligible for a 10% discount on trading fees. This discount offer will be available until April 3rd at 12:30 pm (UTC), providing traders with additional savings during the promotional period.

Following the announcement, the Ordi token (ORDI) experienced a notable surge, with a 6% increase in the last 24 hours. Currently trading at $72.6, ORDI’s trading volumes also saw a significant rise of 13%, reaching $159.46 million. Additionally, the market capitalization of ORDI surged by 5.6% to $1.52 billion, according to CoinMarketCap data.

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Image Source: CoinMarketCap

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The Emergence of BRC-20 Tokens on Bitcoin’s Blockchain

Introduction to BRC-20 Tokens: Tokens following the BRC-20 standard are digital assets that operate on the Bitcoin (BTC) blockchain utilizing the Ordinals protocol. This standard facilitates the creation and transfer of digital assets, allowing users to record data in Satoshi and convert it into tokens seamlessly.

The Rise of ORDI Token: In recent times, the ORDI token emerged within the cryptocurrency landscape initially as a meme coin, with no direct affiliation to the developers of the Ordinals protocol. However, as time progressed, the project evolved to become the leading token among other BRC-20 tokens. Today, ORDI stands as the primary token associated with the Ordinals protocol, reflecting its significant growth and adoption within the ecosystem.

Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.


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